Blockchain technology offers great promise and great risk. We need to better understand how it works and how to use it safely and effectively.
Blog posts on "banking"
Criminals must be prevented from using the financial system but misdirected efforts to stop crime can harm small businesses and the jobs they create
Mobile financial services have proven to be an ideal means to connect rural and remote populations to the financial sector. In several countries now—for example, Kenya, Uganda, Pakistan, or the Philippines—financial services are successfully delivered to the rural population using mobile phones and agents.
A well-developed services sector plays a major role in improving production efficiency and promoting technical progress and innovation. The services sector has expanded rapidly in the People’s Republic of China (PRC) since economic reform was launched in 1979, and particularly after PRC joined the World Trade Organization in 2001. However, the size of the sector as a share of GDP appears to be significantly smaller than expected based on PRC's income level and development stage.