Finance and Banking

Future of Money - Part 3

Future of Money – Part 3

A comprehensive picture of the forces and actors that are critical to understanding and navigating the future financial system.

A customer scans the Alipay QR payment code at a market in Shanghai on Oct. 27, 2020.

JPMorgan’s Deal With Alipay Will Put the PLA in Your Pocket

Chinese mobile payment apps are a national security threat—but Western financial firms are misguidedly rushing to embrace them.

Bangalore Tech Summit

Global Money Shifts to India as Xi Cracks Down on Tech

But the sudden flood of capital is not as good for India as it looks.

The exterior of a fancy office building on a street in London.

The Fatal Flaw in the West’s Fight Against Autocracy

The Pandora Papers reveal the critical role Western countries play in enabling autocrats.

Future of Money Part 2

Future of Money – Part 2

The widespread adoption of cryptocurrencies could undermine governments' control over monetary policies and disrupt global finance.

Future of Money - Part 1

Future of Money – Part 1

Driven by perceived U.S. sanctions overreach, numerous countries now seek to circumvent the dollar-dominated financial system. Emerging technologies are paving the way.

A plane lands in Hong Kong.

Hong Kong’s Liberties Are Dying but Business Lives On

The territory’s role as a major financial hub remains despite the crackdown.

An oil worker in South Sudan

Is Africa Headed for a Financial Crisis?

A rerun of the 2013 “taper tantrum” could spell disaster for emerging economies.

African leaders attend an entrepreneurship forum.

To Improve Women’s Access to Capital in Africa, Look to California

Development finance institutions should follow California’s highly effective gender-equitable standards.

Protesters in Honduras hold banners.

Want to Counter Authoritarianism in Central America? Follow the Money.

The United States lacks reliable partners in the region. Here’s how to hold them accountable.

Salvadoran President Nayib Bukele

El Salvador Is Printing Money With Bitcoin

Nayib Bukele doesn’t want to ditch dollars. He just wants his own.

Former Vice President Joe Biden speaks during the First State Democratic Dinner.

Biden Jump-Starts Fight Against Kleptocracy

New memorandum puts anti-corruption efforts at the heart of national security strategy.

An employee displays a physically destroyed hard disk drive at the Tokyo Eco Recycle company on Jan. 19, 2017.

Chia Is a New Way to Waste Resources for Cryptocurrency

What Bitcoin does for electricity and Ethereum for video cards, Chia does for hard disks.

A physical imitation of the Bitcoin cryptocurrency is displayed on foreign bank notes.

Why Cryptocurrency Is Crazy—Like a Fox

Bitcoin’s already aging out, and central banks may lose in the race against whatever comes next.

Ukrainian President Volodymyr Zelensky

Ukraine’s Debt Problem Spells Trouble

If the government continues to pile up debt without necessary reforms, it will set its economy on the road to ruin.

An illustration describing the state of Dogecoin in "doge" speak.

Confused About Dogecoin? Here’s How It (Doesn’t) Work.

Even the best-intentioned cryptocurrencies can become scams.

$100 bills are printed at the U.S. Bureau of Engraving and Printing in Washington on May 20, 2013.

Is Fair Banking Unfair?

To stay viable, banks need to be able to make choices about creditworthiness. But they need better ways for deciding how.

U.S. President-elect Joe Biden at the Queen theater in Wilmington, Delaware, on Dec. 19.

Why Biden Needs to Confront Corruption

If the U.S. president-elect is serious about restoring the rule of law and democracy, he needs to first tackle the global menace of graft.

Then-Commodity Futures Trading Commission Chairman Gary Gensler

Watch Out Wall Street: Biden May Be Coming for You

His new financial advisors include some of the toughest proponents of banking regulation from the 2008 financial crisis.