QOTD -- #GlobalMacro

A picture is worth a thousand words. Consider the graphic that appears on page 29 of the European Systemic Risk Board (ESRB) report below. Analysts and strategists seeking insight into policy trajectories need only this one picture to illustrate the significant structural shifts in global economic activity.


Significant post-crisis decreases in transatlantic financial flows and the parallel increase in US/Asia financial flows suggest strongly that shared policy interests are dwindling between the US and Europe regarding trade, financial regulation (particularly macroprudential regulation, which is a focus of the report), FinTech innovation, and monetary policy (which is also a focus of the report).


Parallel trends showing the growing role of non-bank financial institutions hold particularly powerful implications for the conduct of monetary policy, particularly as central banks increase their experimentation with central bank digital currencies.



This report was discovered using our daily automated policy risk measurement platform. For more information on how the platform can help you acquire informational and strategic advantages, please contact us today. If you are interested in weekly analysis of macrotrends in the cryptocurrency, payments, and central bank digital currency policy areas powered by our patented platform. subscribe today to the C|P|C Report.contact us today if you would like to learn more about how our process can help you acquire informational and strategic advantages. For weekly assessments of how the policy ecosystem globally is evolving in the cryptocurrency, payments and central bank digital currency sectors, subscribe today to the C | P | C Report.

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