March 2023

Post n°310

Crypto-assets: 2022 confirmed already identified risks

Published on 03/16/2023

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By Claire Brousse and Youssef  Mouheb

In 2022, the crypto-asset market underwent a sharp fall in valuation. After previously attracting a number of retail investors who were searching for high yields in 2021, the market revealed its instability. The expansion and high volatility of the crypto-asset market has resulted in greater risks and losses for crypto players and investors alike.

Chart 1: A sharp fall in the crypto-asset market in 2022
Chart 1: A sharp fall in the crypto-asset market in 2022 Source: Bloomberg. Data as of 31 December 2022
Updated on 03/16/2023 08:39
Post n°309

Sub-Saharan Africa: the financial gender gap between men and women

Published on 03/13/2023

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By Marie-Hélène Ferrer, Luc Jacolin, Caroline Perrin

Although it is a factor in financial inclusion and development, the growth of mobile banking in Sub-Saharan Africa (SSA) has nonetheless gone hand in hand with a growing gender gap in financial inclusion. This unexpected consequence of financial digitalisation calls for a rethink of development policies.

Chart 1: Bank coverage (adult population with account, %) and gender gap (hatched)
Chart 1: Bank coverage (adult population with account, %) and gender gap (hatched) Source: Global Findex and authors’ calculations Note: Percentage of the adult population holding an account at a bank or other type of financial institution.
Updated on 03/13/2023 08:38
Post n°308

Gender disparities in climate-related behaviours and consequences

Published on 03/08/2023

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By Oriane Wegner

While at first glance climate change might appear to affect all members of the population equally, studies have found gender disparities in individual and professional behaviours that generate greenhouse gas emissions, and in the consequences of climate change.

Chart 1: Total annual consumption-related greenhouse gas emissions of three types of households in Sweden in 2016
Chart 1: Total annual consumption-related greenhouse gas emissions of three types of households in Sweden in 2016 Source: Carlsson-Kanyama et al., 2021
Updated on 03/08/2023 08:31
Post n°307

Central banks’ announcements and market inflation expectations

Published on 03/07/2023

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By Sophie Guilloux-Nefussi, Cristina Jude, Adrian Penalver, Urszula Szczerbowicz

This post investigates how monetary policy announcements in the US and the euro area have affected inflation expectations since 2021. We show that a 100bp surprise increase in 2-year rates translated into a 30-50bp drop in medium-term inflation expectations. Central banks’ effective communication was the main factor influencing inflation expectations around these announcements.

Figure 1: Response of inflation expectations to a 100bp monetary policy surprises in 2021-2023
Figure 1: Response of inflation expectations to a 100bp monetary policy surprises in 2021-2023 Source: Bloomberg and authors calculations
Updated on 03/07/2023 08:33