Bank Soundness and Competitiveness

Competitiveness 

 

I just read the World Economic Forum (WEC) Global Competitiveness Report and the useful (and pretty) charts Bank of America derived from it.  Then I did some comparisons.

I picked two countries (randomly-lol) and overlayed their graphs. (Note that the third panel is my responsibility, not BoA’s.)  Argentina ranks hugely better against Brazil on two categories and marginally better or worse in four.  The only large outperform by Brazil is on Bank Soundness and yet Argentina fares dramatically worse in WEC reading of Competitiveness!

Although I could not find the weights in the report, clearly (and probably rightly) the WEC places a substantial weight on Bank Soundness in promoting country competitiveness.

The argument is probably solid.  Flimsy, flaky, shady banks are no good.  However, what does it say for the evolution of finance, banking and Fintech?  Could it be that a healthy crypto alternative might pick up where sound banks falter?

 

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So bad it’s good

Jihacoin

 

I just read this paper by the Rand Corporation  called “National Security Implications of Virtual Currency – Examining the Potential for Non-state Actor Deployment

It is interesting to read because of the questions it raises:

  1. Why does the US public via government funding pay for this?  If it has any information you already do not know, then it is above your head anyway and if you are wiling and able to comprehend virtual currencies, nothing here is new.
  2. It is written rather poorly, syntax, grammar and logic, so why the waste?
  3. Is it really saying what it says or something else?  It purportedly excludes independent virtual currencies (VC) from the study, but does it?  Why would ISIS be better off with ISIScoin than with Bitcoin and why would ISIScoin be less vulnerable to US disruption than Bitcoin?
  4. Is it not that this analysis is part of a train of thought on how the US government might want to disrupt Bitcoin itself?

 

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