Toward a Global Approach to Data in the Digital Age

V. Haksar, Yan Carrière-Swallow, Emran Islam, Andrew Giddings, Kathleen Kao, Emanuel Kopp and Gabriel Quiros-Romero

No 2021/005, IMF Staff Discussion Notes from International Monetary Fund

Abstract: The ongoing economic and financial digitalization is making individual data a key input and source of value for companies across sectors, from bigtechs and pharmaceuticals to manufacturers and financial services providers. Data on human behavior and choices—our “likes,” purchase patterns, locations, social activities, biometrics, and financing choices—are being generated, collected, stored, and processed at an unprecedented scale.

Keywords: Data; finance; bigtech; competition; privacy; trade; policy coordination; global principles; data portability; DATA policies country; privacy trade-off; policy divergence; data availability divide; data economy; Digital economy; Competition; Financial sector stability; Artificial intelligence; Global (search for similar items in EconPapers)
Pages: 42
Date: 2021-10-06
New Economics Papers: this item is included in nep-ban, nep-big, nep-int, nep-ore and nep-pay
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