Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Finance

Interest-Bearing Stablecoins

Interest-bearing stablecoins, either via direct issuer payments or exchange-provided rewards, would measurably erode the deposit franchise of banks in developed-market economies.

 
FT-Booth US Macroeconomists Survey

FTxBooth: Fed Chair Nominee

A snap poll of the FTxBooth US Macroeconomists Survey panel examines economists’ views on Fed Chair nominee Kevin Warsh’s stated positions. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey>> For social media: Please use the hashtag #FTxBooth when referring to the […] 
On Global Markets

The Digital Euro

From the mid to late 2010s, and into the early 2020s, there was a flourishing of interest in the idea of central bank digital currencies (CBDCs). By some counts more than 120 central banks have explored the idea of issuing a digital version of their currency. Unlike a typical cryptocurrency, a CBDC would be issued […] 
Europe

Digital Euro

This European survey examines (a) Without a retail central bank digital currency (CBDC), Europe risks a further loss of control over its monetary system to foreign payment service providers, including US Big Tech platforms and US stablecoin issuers; b) Without a credible, modern wholesale settlement solution in central bank money - whether via a wholesale CBDC or equivalent infrastructure - Europe risks a further erosion of payments autonomy 
Finance

Housing Affordability

This Finance survey examines (a) Having the government-sponsored housing agencies Fannie Mae and Freddie Mac buy $200 billion in mortgage-backed securities would reduce mortgage rates by more than 25 basis points; (b) Having the government-sponsored housing agencies Fannie Mae and Freddie Mac buy $200 billion in mortgage-backed securities would measurably improve the affordability of home ownership; (c) Restrictions on large institutional investors buying single-family homes would measurably improve the affordability of home ownership 
US

ACA Subsidies

This US survey examines (a) Without extension of the expanded public subsidies for Affordable Care Act healthcare plans, there would be a substantial rise in the number of Americans without health insurance; (b) Losses in the health and well-being of Americans who could no longer afford health insurance in the absence of the subsidies would exceed the savings from the expiration; (c) The possible need for subsidies substantially in excess of those initially provided by the ACA indicates that other changes in the healthcare system are needed to enable broad-based access