INCLUSIVE INNOVATION IMPACT REPORT
As part of the Initiative on the Digital Economy's Inclusive Innovation Challenge (IIC) at MIT, this report highlights the social impact of 100 past IIC winners. These companies have helped more than +350M beneficiaries and raised over $1B in capital.
ECONOMIC DIPLOMACY INITIATIVE
The Economic Diplomacy Initiative (EDI) at the Belfer Center in the Harvard Kennedy School conducted research on the effectiveness of sanctions in a world of digital currencies. How can the United States respond to threats from North Korea, for example, when a new payments infrastructure undermines our traditional means of economic diplomacy? Participants in this research included Larry Summers, Ash Carter, Richard Verma, Nicholas Burns, Gary Gensler, and Meghan O'Sullivan.
EUROPEAN ECONOMIC RESPONSES TO COVID19
As nations seek to limit the human and economic costs of the transnational COVID-19 pandemic, global policy coordination is more important than ever. Synchronized monetary, fiscal, and trade policy across major economies will be key to stabilizing the global economic outlook. At the same time, policymakers must reconsider coercive economic measures like sanctions and trade barriers, which may have sound geopolitical aims in normal times but risk exacerbating the crisis.
This piece was published by Harvard to look at emerging economic policies and highlight areas where nations can work together to contain both the spread of disease and its economic fallout.
THE CASE FOR A DIGITAL DOLLAR: SECURITY AT HOME AND ABROAD
This peer reviewed paper was published in the Harvard Kennedy School Review for its 20th edition. The research explores how a digital dollar can promote economic security abroad by maintaining America's use of sanctions while simultaneously promoting economic security at home by improving lending and reducing financial stability risks.
GLOBAL CBDC TRACKER
In coordination with the Atlantic Council and the Economic Diplomacy Initiative, we have published an interactive map that outlines the CBDC status of various countries. The paper is constantly updated to reflect new information on international developments from central banks in their research, development, pilots, and pursuit of CBDCs.
CENTRAL BANK DIGITAL CURRENCIES
The paper, presented at a World Economic Forum special session, argues that turning the U.S. dollar into a digital currency will increase financial stability. By looking specifically at the student loan market and leveraging the IMF framework for digital currency financial stability, the paper illustrates that central banks can provide a truly safe store of value that provides long-term gains to the economy. Listed Top 10 in Monetary Policy on SSRN for the month of October.