Use of intermediaries A recent paper by the CGAP refers to the potential for increasing outreach through branchless banking where two models have been detailed, viz., the bank-agent model and the e-banking model where without a bank account a variety of financial transactions can take place through e-money. The paper outlines "agency risks" and "e-money" risks and issues for regulators.
Fiscal support, mainly in the US, is currently at unprecedented levels, helping the recovery but adding inflationary pressures. 3. Post pandemic price and wage dynamics are highly uncertain. 4. Recent changes in the monetary policy strategy of both the Fed and the ECB are untested and could add uncertainty. 5.