Thursday, 21 December 2017
By Shushanik Papanyan
Financial stability is defined by its ability to facilitate economic growth. Yet the “new normal” economic environment of prolonged moderate growth, low nominal and real interest rates, an aging population, and rising longevity poses risks to financial stability.
As the gross debt-to-GDP ratio steadily rises, should the U.S. worry about its ability to repay debt, cut spending, and raise interest rates?
Blockchain promises to boost economic and social well-being by significantly lowering transaction costs, and non-financial blockchain applications are growing exponentially.