This paper distinguishes two types of cybersecurity risks—emerging risks from the private sector and systematic risks to the financial system—and examines their impacts on central banks’ sentiment on CBDC in a context of global cyberattacks. We find that central banks’ sentiment toward...

This paper studies the global volatility connectedness network among 16 stock markets under different market conditions. We construct measures of tail connectedness following Ando et al. (2022) by introducing quantile regression into the classic Diebold-Yilmaz network model. We demonstrate the...

This paper studies the global volatility connectedness network among 16 stock markets under different market conditions. We construct measures of tail connectedness following Ando et al. (2022) by introducing quantile regression into the classic Diebold-Yilmaz network model. We demonstrate the...

The conventional view of privacy, at least shared among privacy scholars, is that privacy is a rather culture — dependent issue and would be interpreted much differently in various jurisdictions. Though this is pretty true in the pre-digital age, the scenario may have been under considerable...

This report offers an analytical framework that allows for more systemic assessments of distributed ledger technology (DLT) and its applications. It examines the evolution and typology of the emergent technology, its existing and projected applications, and regulatory and policy issues that they...

Since the launch of Bitcoin in 2009, the spectacular rise and fall of cryptocurrencies and the underlying blockchain technology have attracted global attention. While the application of distributed ledger technology presents great economic and business potential, significant volatility and...