Mr. Tommaso Mancini Griffoli's Books

The Rise of Digital Money

By: Mr.Tobias Adrian,Mr.Tommaso Mancini Griffoli

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Rise of Digital Money

By: Mr.Tobias Adrian,Mr.Tommaso Mancini Griffoli

This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 10

1498324908

ISBN 13

9781498324908

The Rise of Payment and Contracting Platforms

By: Mr. Tobias Adrian,Mr. Tommaso Mancini Griffoli

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Rise of Payment and Contracting Platforms

By: Mr. Tobias Adrian,Mr. Tommaso Mancini Griffoli

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks and finance ministries of 190 member countries. Cross-border payments present the foundation for the global financial system, and its functioning is overseen by the IMF.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400245749

Behind the Scenes of Central Bank Digital Currency

Emerging Trends, Insights, and Policy Lessons

By: Gabriel Soderberg,Ms. Marianne Bechara,Wouter Bossu,Ms. Natasha X Che,Sonja Davidovic,Mr. John Kiff,Ms. Inutu Lukonga,Mr. Tommaso Mancini Griffoli,Tao Sun,Akihiro Yoshinaga

Write a review Read reviews Take a Quiz Solve Book Puzzle

Behind the Scenes of Central Bank Digital Currency

Emerging Trends, Insights, and Policy Lessons

By: Gabriel Soderberg,Ms. Marianne Bechara,Wouter Bossu,Ms. Natasha X Che,Sonja Davidovic,Mr. John Kiff,Ms. Inutu Lukonga,Mr. Tommaso Mancini Griffoli,Tao Sun,Akihiro Yoshinaga

Central banks are increasingly pondering whether to issue their own digital currencies to the general public, so-called retail central bank digital currency (CBDC). The majority of IMF member countries are actively evaluating CBDCs, with only a few having issued CBDCs or undertaken extensive pilots or tests. This paper shines the spotlight on the handful of countries at the frontier in the hope of identifying and sharing insights, lessons, and open questions for the benefit of the many countries following in their footsteps. Clearly, what can be gleaned from these experiences does not necessarily apply elsewhere. The sample of countries remains small and country circumstances differ widely. However, the insights in this paper may inspire further investigation and allow countries to gain time by building on the experience of others. Importantly, the purpose of this paper is not to evaluate the courses taken by different jurisdictions, but to study and discuss their key experiences and lessons. The paper studies six advanced CBDC projects, drawing on collaboration and exchanges with the respective central banks to get insights beyond what has previously been published. Unless a specific published source is cited, all information stems from interviews and workshops with members of CBDC project teams in each jurisdiction.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400201219

Capital Flow Management Measures in the Digital Age (2)

Design Choices for Central Bank Digital Currency

By: Mr. Dong He,Annamaria Kokenyne,Mr. Tommaso Mancini Griffoli,Mr. Marcello Miccoli,Mr. Thorvardur Tjoervi Olafsson,Gabriel Soderberg,Hervé Tourpe

Write a review Read reviews Take a Quiz Solve Book Puzzle

Capital Flow Management Measures in the Digital Age (2)

Design Choices for Central Bank Digital Currency

By: Mr. Dong He,Annamaria Kokenyne,Mr. Tommaso Mancini Griffoli,Mr. Marcello Miccoli,Mr. Thorvardur Tjoervi Olafsson,Gabriel Soderberg,Hervé Tourpe

This fintech note looks at how capital flow measures (CFMs) could be implemented with central bank digital currency (CBDC), and what benefits, risks and complexities could arise. There are several implications of the analysis. First, CBDC ecosystems should generally be designed such that they can accommodate the introduction of CFMs. Second, thanks to the programmability of the payment infrastructure given by the new digital technologies, certain CFMs could likely be implemented more efficiently and effectively with CBDC compared to the traditional system. Third, implementing CFMs requires central banks to collaborate on practices and standards. Finally, CFMs on CBDC need to operate alongside traditional CFMs.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400252105

Casting Light on Central Bank Digital Currencies

By: Mr.Tommaso Mancini Griffoli,Mr.Maria Soledad Martinez Peria,Mr.Itai Agur,Mr.Anil Ari,Mr.John Kiff,Ms.Adina Popescu,Ms.Celine Rochon

Write a review Read reviews Take a Quiz Solve Book Puzzle

Casting Light on Central Bank Digital Currencies

By: Mr.Tommaso Mancini Griffoli,Mr.Maria Soledad Martinez Peria,Mr.Itai Agur,Mr.Anil Ari,Mr.John Kiff,Ms.Adina Popescu,Ms.Celine Rochon

Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and how to adapt. One possibility is central bank digital currency (CBDC)-- a widely accessible digital form of fiat money that could be legal tender. This discussion note proposes a conceptual framework to assess the case for CBDC adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity. This note also surveys research and pilot studies on CBDC by central banks around the world.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 10

1484384571

ISBN 13

9781484384572

Fintech and Financial Services

Initial Considerations

By: Mr.Dong He,Mr.Ross B Leckow,Mr.Vikram Haksar,Mr.Tommaso Mancini Griffoli,Nigel Jenkinson,Ms.Mikari Kashima,Tanai Khiaonarong,Ms.Celine Rochon,Hervé Tourpe

Write a review Read reviews Take a Quiz Solve Book Puzzle

Fintech and Financial Services

Initial Considerations

By: Mr.Dong He,Mr.Ross B Leckow,Mr.Vikram Haksar,Mr.Tommaso Mancini Griffoli,Nigel Jenkinson,Ms.Mikari Kashima,Tanai Khiaonarong,Ms.Celine Rochon,Hervé Tourpe

A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech might provide solutions that respond to consumer needs for trust, security, privacy, and better services, change the competitive landscape, and affect regulation. It combines a broad discussion of trends across financial services with a focus on cross-border payments and especially the impact of distributed ledger technology. Overall, the paper finds that boundaries among different types of service providers are blurring; barriers to entry are changing; and improvements in cross-border payments are likely. It argues that regulatory authorities need to balance carefully efficiency and stability trade-offs in the face of rapid changes, and ensure that trust is maintained in an evolving financial system. It also highlights the importance of international cooperation.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 10

1484303776

ISBN 13

9781484303771

Book's by Mr. Tommaso Mancini Griffoli

The Rise of Digital Money

The Rise of Digital Money

The Rise of Payment and Contracting Platforms

The Rise of Payment and Contracting Platforms

Behind the Scenes of Central Bank Digital Currency

Behind the Scenes of Central Bank Digital Currency

Capital Flow Management Measures in the Digital Age (2)

Capital Flow Management Measures in the Digital Age (2)

Casting Light on Central Bank Digital Currencies

Casting Light on Central Bank Digital Currencies

Fintech and Financial Services

Fintech and Financial Services

Username

Password

Username

Password

Password again

Birthday

Email