How to Tax in Asia’s Digital Age
New global reforms will change where tech giants pay taxes in Asia and make the international tax system more robust.
Making The Digital Money Revolution Work for All
By Tobias Adrian and Tommaso Mancini-Griffoli
History moves in uneven steps. Just as the telegraph erased time and distance in the 19th century, today’s innovations in digital money may bring significant changes in the way we lead our lives. The shift to electronic payments and social interactions brought on by the pandemic may cause similarly rapid and widespread transformations. […]
Cryptoassets as National Currency? A Step Too Far
By Tobias Adrian and Rhoda Weeks-Brown
عربي, 中文, Español, Français, 日本語, Português, Русский
New digital forms of money have the potential to provide cheaper and faster payments, enhance financial inclusion, improve resilience and competition among payment providers, and facilitate cross-border transfers. […]
The Haves and Have-nots Of the Digital Age
By Gita Bhatt
Accelerated by the pandemic, the digital future is coming at us faster than ever before, and maybe faster than we can imagine. In this issue of Finance & Development magazine, we explore the possible consequences—the good, the bad, and the gray. […]
Public and Private Money Can Coexist in the Digital Age
By Tobias Adrian and Tommaso Mancini-Griffoli
عربي, 中文, Español, Français, 日本語, Português, Русский
We value innovation and diversity—including in money. In the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we might hand over notes and coins, though in many countries increasingly less often. […]
Chart of the WeekHow e-Government Services Can Pay Dividends
By Ali Al-Sadiq
The ability to renew your passport or driver’s license, pay a tax bill, or access government data with the click of a button or swipe of a screen, anytime and anywhere, has grown more important during the COVID-19 pandemic to prevent the spread of the virus. […]
Legally Speaking, is Digital Money Really Money?
By Catalina Margulis and Arthur Rossi
Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency. […]
The Jobs of Tomorrow
By Saadia Zahidi
This article first appeared in Finance & Development magazine.
The World Economic Forum’s Future of Jobs Report 2020 comes at a crucial juncture for the world of work. The report, now in its third edition, maps the jobs and skills of the future, tracking the pace of change based on surveys of business leaders and human resource strategists from around the world. […]
What is Really New in Fintech
By Arnoud Boot, Peter Hoffmann, Luc Laeven, Lev Ratnovski
The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. […]
How Artificial Intelligence Could Widen the Gap Between Rich and Poor Nations
By Cristian Alonso, Siddharth Kothari, and Sidra Rehman
عربي, 中文, Español, Français, 日本語, Português, Русский
New technologies like artificial intelligence, machine learning, robotics, big data, and networks are expected to revolutionize production processes, but they could also have a major impact on developing economies. […]