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Opinion

BIS Report: Options for Access to and Interoperability of CBDCs for Cross-border Payments

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BIS has recently published a new report to the G20 about options for access to and interoperability of CBDCs for cross-border payments. The report presents different options for access to and interoperability of CBDC systems to facilitate cross-border payments. It assesses these options based on five criteria: do no harm, enhancing efficiency, increasing resilience, assuring coexistence and interoperability with non-CBDC systems, and enhancing financial inclusion.

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Economy / Opinion

Are Human Beings a Disease?

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ince the Industrial Revolution, the wrong production policies of the enterprises, the economic interpretations of the mainstream ‘continuous growth-oriented economists’ and the insensitivity of human beings to the environment have left us facing a great disaster today. Increasing carbon emissions and pollution have created the greenhouse effect, causing global warming and climate change crisis.

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Economy / Finance

The Worst Economic Indicator of Today: Inflation

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Global economic prospects continue to deteriorate around the world. The rising commodity prices due to energy restrictions and embargoes after Russia’s invasion of Ukraine negatively affected the global economy. As a result, a global deterioration began to be observed in all macroeconomic data and expectations, especially inflationary pressure.

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Opinion

An Overview of the EU Economy Within the Framework of the European Commission Spring 2022 Economic Forecast.

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The European Commission has published its new economic forecast for EU. The hopes of economic recovery after the pandemic, which lasted for about two years, were unfortunately interrupted due to the Russian invasion of Ukraine.

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Banking / Finance

What are “Central Bank Digital Currencies”?

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Since the beginning of the use of “money” money, which is a means of payment, has taken various forms in line with the wishes and demands of the people. CBDC could potentially be at the center of transactions as a kind of digital currency backed by governments or central banks. The use of CBDCs is not necessarily a complete replacement for physical cash or other forms of money, including new digital currencies.

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