T: Economy ID: 777 I: 237 P: 5.51 C: 0.0084

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Hong Kong Launches Blockchain Trade Finance Platform With Deloitte, Top Banks

 BlockchainWith Deloitte as one of the Big Four auditors, the Hong Kong Monetary Authority (HKMA) and the region’s top five banks have officially launched a Blockchain platform for trade finance.

Earlier this month, HSBC, Bank of China, Bank of East Asia, Hang Seng Bank and Standard Chartered co-introduced a proof of concept Blockchain platform for use with trade finance operations which include lending, issuing letters of credit, factoring, export credit and insurance.

Joshua Kroeker, the senior product manager for global trade and receivables finance at HSBC, stated that the Hong Kong government along with Deloitte and partner banks launched the Blockchain platform to demonstrate the technology’s potential in the conventional finance industry.

More importantly, Kroeker emphasized that HKMA and the five participant banks are aiming to utilize Blockchain technology to increase efficiency, transparency and security in trade finance while eliminating the possibility of fraudulent activities by automating most processes.


T: Economy ID: 736 I: 748 P: 5.75 C: 0.0027

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How Cryptocurrencies Are Turning The Traditional Venture Capital Model on Its Head

 CryptocurrenciesThe decentralization effects of blockchain-based cryptocurrencies are hitting the venture capital industry in more ways than one. Whereas the traditional venture capital industry is boring, the crypto-tech industry has become more exciting. Actually, I see the two models as diametrically opposed: one is a closed market, dominated by command-and-control practices, led by a few rich people on Sand Hill Road. The other is a widely open global market where anyone can play, and where the gains and risks are more evenly distributed.

This has led to a re-thinking of how startups who are operating in the blockchain space can raise money, and it has potential implications that will revamp the relationships that venture capital firms can hope to strike with these startups.

As an investor, advisor or board member, I have been closely associated with a variety of early stage companies that are tackling the innovation explosion around cryptocurrency and blockchain-based models, and have had the fortunate insights of seeing where we might be headed.


T: Economy ID: 776 I: 259 P: 6.02 C: 0.0077

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Everything You Need to Know about Dollar-Denominated Cryptocurrencies

 CryptocurrenciesA well-known obstacle to the greater popularity of Bitcoin as a medium of payment is the high volatility of its exchange value. This volatility results from its built-in quantity commitment: because the number of Bitcoins in existence stays on a programmed path, variations in the real demand to hold Bitcoin must be accommodated entirely by variations in its unit value. When demand goes up, there is no quantity increase to dampen the rise in price; and vice-versa for a fall in demand.

Not surprisingly, several cryptocurrency developers have thought of creating a cryptocurrency with a price commitment–namely a pegged exchange rate with the US dollar–rather than a quantity commitment, in hopes of greater popularity. The aim is to create a system in which dollar-denominated payments can be made with the ease, security, and low cost of Bitcoin payments, but without the exchange-rate risk.


T: Economy ID: 781 I: 271 P: 6.95 C: 0.0074

MENA Region: Pushing Through Critical Energy Projects This Year

 MENAIn the Middle East North Africa region $622 billion worth of development is planned in the energy sector for the next five years. The power sector accounts for the largest share at $207 billion, with the oil and gas sector at $195 billion and $159 billion respectively. Leading the drive will be Saudi Arabia, and Iraq and Iran will play catch-up. Algeria will pump billions into its upstream sector, and much is expected from Egypt’s recent gas. Renewable-energy projects will be at the forefront of efforts to meet rising power demand in Morocco, Tunisia and Jordan.


T: Economy ID: 632 I: 1390 P: 8.27 C: 0.0014

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The Economist

Who is Ricardo Hausmann

 The EconomistRicardo Hausmann is Director of Harvard's Center for International Development and Professor of the Practice of Economic Development at the Kennedy School of Government. Previously, he served as the first Chief Economist of the Inter-American Development Bank (1994-2000), where he created the Research Department. He has served as Minister of Planning of Venezuela (1992-1993) and as a member of the Board of the Central Bank of Venezuela. He also served as Chair of the IMF-World Bank Development Committee. He was Professor of Economics at the Instituto de Estudios Superiores de Administracion (IESA) (1985-1991) in Caracas, where he founded the Center for Public Policy. His research interests include issues of growth, macroeconomic stability, international finance, and the social dimensions of development. He holds a PhD in economics from Cornell University.


T: Economy ID: 649 I: 1384 P: 8.44 C: 0.0014

Bitcoin y Blockchain obligan cada vez a más Bancos Centrales a adoptar monedas digitalespor @CriptoNoticias

 BitcoinPor Valeska Escobar Dic 2016.
El mundo tecnológico está en constante evolución y no es sorprendente que las tecnologías “invadan” todos los aspectos de la vida del ser humano, incluyendo por su supuesto la economía. De esta manera, Bitcoin y la Tecnología Blockchain han estado revolucionando desde los negocios y el sistema financiero hasta las compañías de seguros, e incluso las formas de distribución de energía, entre otros sectores de la industria global.

La tecnología lanzada por Satoshi Nakamoto (como se hace llamar a sí mismo su misterioso creador) dio pie a un sin número de aplicaciones y usos. Además de Bitcoin, la Blockchain ha servido para la creación de otras criptomonedas, y estas se han vuelto muy populares y útiles para pequeños –y grandes– problemas en transacciones con dinero, sobre todo aquellas de índole internacional. Sin embargo, tanto bitcoin como otras monedas digitales, son frecuentemente asociadas al mercado negro y a la Deep Web.

T: Economy ID: 562 I: 1583 P: 8.89 C: 0.0013

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Bill denomination

Paper Money – The World’s 15 Highest Denominations by @CoinWeek

 Bill denomination

15 Highest Denominations

#1 - United States: 100 Dollars ($100)

GDP: $17,348,075,000

#2 – China: 100 Yuan (¥100)

GDP: $10,356,508,000

#3 – Japan: 10,000 Yen (¥10,000)

GDP: $4,602,367,000

#4 – Germany: 500 Euros (€500)

GDP: $3,874,437,000

#5 – United Kingdom: 50 Pounds (£50)

GDP: $2,950,039,000

#6 – France: 500 Euros (€500)

GDP: $2,833,687,000

#7 – Brazil: 100 Reais (R$100)

GDP: $2,346,583,000

#8 – Italy: 500 Euros (€500)

GDP: $2,147,744,000

#9 – India: 1,000 Rupees (₹1000)

GDP: $2,051,228,000

#10 – Russia: 5,000 Rubles (₽5000)

GDP: $1,860,598,000

#11 – Canada: 100 Dollars ($100)

GDP: $1,785,387,000

#12 – Australia: 100 Dollars ($100)

GDP: $1,442,722,000

#13 – South Korea: 50,000 Won (₩50,000)

GDP: $1,410,383,000

#14 – Spain: 500 Euros (€500)

GDP: $1,406,538,000

#15 – Mexico: 1,000 Pesos ($1,000)

GDP: $1,291,062,000


T: Economy ID: 787 I: 375 P: 11.72 C: 0.0053

The Future is Bright for Banking

 PSD22018 is likely to be a game-changing year for the banking and finance sector. As the General Data Protection Regulation (GDPR) and Revised Payment Service Directive (PSD2) are implemented across the European Union, the exclusive control of banks and other financial institutions on financial data of their customers is about to end. These new regulations will open the door to almost any company interested in claiming a share, particularly the tech giants, such as Amazon, Facebook, Google.
While this may look like a challenge to many, we, as journey science experts, view this as an opportunity for banks to partner with large tech, eCommerce, and fintech enterprises and leverage their expertise at managing customer experiences to revolutionize customer journeys and offer an improved, more holistic experience to their end-users.

In this article, we have reviewed how implementation of PSD2 and GDPR will transform the banking and finance industry and result in a new wave of partnerships between banks and ecosystem enterprises to create a win-win situation for everyone, including customers, financial institutions, major tech players, such as Google, Amazon, Facebook, eCommerce companies, as well as small fintech start-ups.


T: Economy ID: 566 I: 1651 P: 9.33 C: 0.0012

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Economy problems

The Problem with the U.S. Economy Isn’t Something Politicians Can Fix. Posted by @EconomyWrld

 Economy problemsIn August 2016 the Pew Research Center asked more than 2,000 U.S. adults about the state of the nation. Nearly half agreed that “compared with 50 years ago, life for people like you in America today is worse.” Of those who said they supported Donald Trump’s presidential campaign, 81% thought life has gotten worse.

Economists had a field day pointing out the error of the respondents’ ways. By almost every objective measure, an overwhelming majority of Americans are better off today than in the 1960s. Houses are bigger and come with air conditioning. Crime rates are lower. Air and water pollution have been much reduced. Medical conditions that constituted death sentences are now mere annoyances. Fifty years ago, the telephone service for one in four U.S. households was a party line shared with the neighbors; today a “phone” is a private, portable device that is tens of thousands times more powerful than the computers that guided Apollo 11.


T: Economy ID: 652 I: 2592 P: 15.90 C: 0.0008

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Proceso de fabricación de billetes en México.

 BilletesLos billetes mexicanos se fabrican en la Fábrica de Billetes de Banco de México. El Banco también ordena la acuñación de las monedas mexicanas a la Casa de Moneda de México y pone a ambos en circulación por todo el territorio nacional. La Casa de Moneda de México es una institución del Gobierno Federal que depende de la Secretaría de Hacienda y Crédito Público.

Para iniciar el proceso de fabricación, se debe conocer con anticipación la cantidad de billetes y monedas. Para ello, el Banco de México toma en cuenta las denominaciones que se requieren en todo el país, la cantidad de billetes y monedas que el público prefiere usar en lugar de otros medios de pago (cheques, tarjetas de débito, etc.), los costos de fabricación, y la cantidad de billetes que deben ser reemplazados. En el caso de las monedas, también resulta importante considerar el costo de los metales que se utilizan.

La información sobre la cantidad de billetes y monedas que se pondrán a circular cada año, se da a conocer oportunamente tanto a la Fábrica de Billetes del Banco de México como a la Casa de Moneda de México para que programen sus actividades.


T: Economy ID: 651 I: 2653 P: 16.28 C: 0.0008

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Concepto de hiperinflación explicado por @enciclopediafin.

 HiperinflaciónLa hiperinflación es un crecimiento extremadamente rápido y fuera de control de la inflación. No existe una definición numérica precisa de la hiperinflación. La hiperinflación es una situación en que los aumentos de precios están tan fuera de control que el concepto de inflación no tiene sentido (ejem: inflación del 50% mensual).
Cuando se asocia con una depresión económica, la hiperinflación a menudo se produce cuando hay un gran aumento de la oferta monetaria no soportado por el producto interior bruto (PIB), lo que resulta en un desequilibrio entre la oferta y la demanda de dinero. Si no se controla esto provocará que los precios aumenten, ya que la moneda pierde su valor.

La hiperinflación se produce entonces cuando hay una pérdida de confianza en la capacidad de una moneda para mantener su valor. Debido a esto, los compradores exigen una prima de riesgo para aceptar la moneda (tipo de cambio a su favor). Este efecto se retroalimenta y origina que el índice de precio (inflación sea cada vez mayor desencadenando una hiperinflación, lo que puede provocar el colapso del sistema monetario del país.


T: Economy ID: 634 I: 2759 P: 16.52 C: 0.0007

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Lectura breve y sencilla para entender la economía de un país










 y Sergio



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