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Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since
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The past few years have seen crypto assets moved from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF).In a new report authored by IMF capital markets director Aditya Narain and assistant director
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India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30. India Becomes 5th Largest Economy in the World India has leaped past the U.K. and
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After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian ruble’s position as the world’s best-performing currency in 2022. Zambia Still ‘Has a Long Way to Go’ The Zambian
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“The worry is that the longer this takes, the more national authorities will get locked into differing regulatory frameworks,” Aditya Narain, deputy director of the IMF’s monetary and capital markets department, wrote in a paper. He called for a global response to be coordinated, consistent and comprehensive, to cover “all
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The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned. IMF on US Economy and Global Inflation The first deputy managing
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But Katie Talati, head of research at crypto asset manager Arca, was cautiously optimistic, highlighting the energy efficiency and other improvements resulting from The Merge in comments to CoinDesk TV's First Mover program. "From a technological standpoint, this is as advanced and as significant as it gets," Talati said,
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Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF) published a blog post on Monday on cryptocurrency
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Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes. In a blog post from Aug. 21, a group of IMF economists shared
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Moreover, issues with liquidity hit funds and lenders that bought into Terra’s network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the “domino effect”
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