In the extreme, widespread migration to one or more global stablecoin networks could disintermediate the role of banks in payments.
Capital stock per employee in Israel is markedly lower than in advanced economies – and not only is there a gap in the stock of capital, but the gap is not closing because the rate of investment is lower than in advanced economies. The level of investment in infrastructures is also low, and in most years is around 2.5–3 percent of GDP.