Where Does Profit Come from in the Payments Industry?
The recent development in the payments industry, namely the rise of Fintech companies, has created an opportunity to revisit the economics of the payment system and the puzzling nature of…
The recent development in the payments industry, namely the rise of Fintech companies, has created an opportunity to revisit the economics of the payment system and the puzzling nature of…
The anxiaties about large financial corporations' debt-funded payouts—aka "stock buybacks"—is reemerging a decade after the financial crisis. Companies on the S&P 500 have poured more than $5.3 trillion into repurchasing…
As the final countdown to bring in 2020 begins, new concerns have emerged regarding the Fed's continuous ability to control the interest rate. Developments in the financial market such as…
"A person often meets his destiny on the road he took to avoid it." Jean De La Fontaine The shift in the provision of financial intermediation away from traditional banks…
“The secret of change is to focus all of your energy not on fighting the old, but on building the new” -Socrates If the Fed's understanding of the existing problems in…
“No matter how much suffering you went through, you never wanted to let go of those memories.” ? Haruki Murakami Following the Global Financial Crisis (GFC), most central banks around…
The overall picture of the U.S. economy, though far from stable, is hardly threatening. For instance, U.S. payrolls grew by 128,000 in October. Nevertheless, the Fed cut the interest rate…