Author Archives: Sangita Gazi

Enhancing Efficiency in Cross-Border Payments: Harmonization of Regional Payments Area Through a Single Rule Book

By Sangita Gazi | July 1, 2022

Digitalization has significantly transformed the landscape of payment systems. With the advent of fintech and blockchain technology, domestic payment systems have become more inclusive, safe, and efficient. Despite the transformation at the national level, cross-border payments remain expensive, slow, and opaque and involve multi-dimensional challenges and complexities. With every cross-border payment, transactions must comply with… Read More »

Curbing Market Manipulation in the Cryptocurrency Spot Market: The Need for a Centralized Cryptocurrency Regulation in the US

By Sangita Gazi | October 6, 2021

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In October 2020, the UK Financial Conduct Authority (‘FCA’) imposed a ban on the selling of cryptocurrency-related derivatives (‘crypto derivatives’) to retail investors. The FCA implemented this ban after concluding that cryptocurrency as a reference asset in any derivatives product is opaque, complex, and unreliable. In Europe, the European Securities and Markets Authority (‘ESMA’) has taken a… Read More »

To Impose or Not to Impose—The Dilemma of Negative Interest Rates and the Rise of Bankocracy

By Sangita Gazi | July 10, 2020

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As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT.” Big numbers! –Donald Trump On June 10, 2020, the U.S. Federal Reserve (‘the Fed’) voted to keep interest rates near zero in the wake of the COVID-19 pandemic and hinted that rates will remain unchanged… Read More »

The COVID-19 Pandemic and the Global Debt Epidemic

By Sangita Gazi | April 20, 2020

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Courtesy of Chris Smith and Sangita Gazi A decade after Lehman Brothers collapsed, the Federal Reserve Bank of St. Louis reviewed the economics literature and concluded that “one of the main reasons why the subsequent recession was ‘great’ was due to high levels of leverage and debt.” On the eve of the 2008 financial crisis,… Read More »