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Monetary Systems

Report
Development as a Tool of Economic Statecraft: A Net Assessment of U.S. and Chinese Approaches
The authors conduct a net assessment of U.S. and Chinese approaches to development assistance and cooperation, using a data-driven comparison to reveal opportunities for the United States to better compete with China in the developing world.
Oct 23, 2023
Report
Disruptive Money: Exploring the Future of Corporate Cryptocurrency
Researchers considered a future in which corporate cryptocurrency (crypto) is in widespread use and asked experts to identify strategic approaches to evolving technological and economic trends underpinning this potential future.
Sep 21, 2023
Commentary
Money, Markets, and Machine Learning: Unpacking the Risks of Adversarial AI
The consequences of ignoring the problem of adversarial attacks in algorithmic trading are potentially catastrophic. In a world increasingly reliant on machine learning models, the financial sector needs to shift from being reactive to proactive to ensure the security and integrity of our financial system.
Aug 31, 2023
Tool
Decoding Income Share Agreements: A Resource for Learners and Financial Aid Professionals
This tool is designed to help people figure out whether an income share agreement (ISA) is right for them. It provides information about how ISAs work, how to estimate monthly and total ISA payments, and how to weigh the benefits and risks of ISAs.
Aug 31, 2023
Report
Are Income Share Agreements a Viable Alternative to Student Loans?
Under an income share agreement (ISA), the student promises a share of their future income to a funder for a set period in exchange for money for school. ISAs have benefits, but their contract terms vary, they exist in a legal gray zone, and there are equity implications.
Aug 21, 2023
Journal Article
Modeling America's Racial Wealth Disparities: Mathematical Models Help Chart Pathways for Closing Racial Wealth Gaps
This commentary discusses how simulation models can help chart pathways for closing racial wealth gaps in the United States.
Jul 12, 2023
Research Brief
Understanding and supporting the financial stability of UK military families: Summary of findings and recommendations for policy and practice
This research brief summarises the findings and recommendations for policy and practice from a study looking at the prevalence and drivers of financial (in)stability among military families in the United Kingdom.
Jun 28, 2023
Report
Examining the financial stability of UK military families: An exploratory analysis
This study explores the prevalence and drivers of financial (in)stability among military families in the United Kingdom. It provides recommendations for improving policy and finance-related support based on a critical review of the support landscape.
Jun 28, 2023
Journal Article
Spending Trajectories After Age 65 Variation by Initial Wealth
Financial planning requires information about how spending needs evolve with age. Spending declines after age 65, also among wealthy households, suggesting that the decline is due to changes in the desire to spend, not tightening economic circumstances.
Jun 27, 2023
Periodical
RAND Review: May-June 2023
The cover story commemorates RAND's 75th anniversary. One feature article explores what it would take to eliminate racial wealth disparities in the United States; another highlights a promising mental health first aid initiative in New York City.
May 12, 2023
Essay
What Would It Take to Close America's Black-White Wealth Gap?
White Americans hold ten times more total wealth than Black Americans, a disparity that has worsened in recent decades. RAND researchers modeled wealth across millions of households and tested several funding scenarios to see which could most effectively close the gap.
May 9, 2023
Tool
RAND HRS Longitudinal File 2020 (V1) Documentation: Includes 1992-2020 (Early Release)
This tool is a cleaned, easy-to-use, and streamlined data product containing information from the Health and Retirement Study, a longitudinal household survey that facilitates research into different aspects of population aging in the United States.
Apr 13, 2023
Blog
Opioids in America, Silicon Valley Bank, Semiconductors: RAND Weekly Recap
This weekly recap focuses on addressing America's illicit opioids problem, Silicon Valley Bank’s demise, Taiwan’s semiconductor dominance, and more.
Mar 17, 2023
Commentary
Financial Panic in the Age of Digital Banking and Social Media
Bank runs as a source of systemic risk are nothing new. To manage systemic risks in the age of social media, regulators may need to anticipate where the crisis will go and build in automatic brakes to slow them down. There likely won't be time to react at the speed of negotiation between regulators and bankers.
Mar 14, 2023
Report
Cryptocurrency and Blockchain Needs for Law Enforcement
As cryptocurrency is increasingly used for both legitimate business transactions and illegal activities, law enforcement must adapt. In this report, researchers describe cryptocurrency-related research and development needs for law enforcement.
Jan 12, 2023
Commentary
To Help African Americans Gain Generational Wealth, Look to the Housing Market
African American families have significantly less wealth than White families, even after reaching the middle class. Home ownership is, for the vast majority of Americans, the primary vehicle for accruing wealth, and passing it down through generations. This is a crucial time for policymakers to consider policies that focus on improving home ownership rates for African Americans.
Dec 7, 2022
News Release
Americans' Spending Declines Consistently After Age 65; Finding Applies Broadly Across All Wealth Groups
Americans' personal spending drops consistently after age 65, both among the affluent and those with lower levels of financial resources. The findings contradict traditional wisdom that spending will be constant or even increase during older age, and suggests that individuals and couples could spend more early in retirement.
Dec 7, 2022
Report
Accounting for Black-White Wealth Differences
Wealth accumulation is not solely determined by a person's choices and ability. Many factors affect individual wealth, including parental income, credit, and systemic discrimination. These factors have a cumulative effect and can lead to persistent disparities over generations.
Dec 7, 2022
Report
Overcoming Compound Racial Inequity
Differences in Black and white Americans' economic status show how the harms of the past—slavery, segregation, discrimination—live on in the present. Could wealth allocations help to close the racial wealth gap?
Dec 7, 2022
Report
Examining the Loss of Wealth and Downward Mobility of African Americans
Black children who grow up in middle-class households are less likely than white children who grow up in middle-class households to replicate their parents' socioeconomic status. What key factors contribute to this disparity?
Dec 7, 2022

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RAND Topic:
Finance

Topic Synonyms:
Monetary Systems

Research conducted by

Researcher Spotlight

Nancy Kaczynski Pollock

Associate Director, Corporate Planning and Analysis

Nancy Pollock is associate director of Corporate Planning and Analysis at the RAND Corporation. In this role she is responsible for assisting the director with implementing the organization’s business planning process, including overall coordination, process and analytical design, interaction…
Michael D. Hurd

Director, RAND Center for the Study of Aging

Michael Hurd is a senior principal researcher at the RAND Corporation, where he directs the RAND Center for the Study of Aging. His research interests cover a wide range of topics in the economics of aging including: the structure of private pensions and Social Security and their effects on…

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