CBDC and the Future of Money

Future of Money

The growth of cryptocurrencies in the last decade has forced many central banks across the world to consider issuing their own version, called Central Bank Digital Currency (CBDC). There have been several studies, official and private, that examine the pros and cons of introducing CBDC. Eswar Prasad in his new book provides a comprehensive look at the entire gamut of issues relating to CBDC.

My review of Eswar Prasad’s new book on fintech, cryptos, and CBDC: Future of Money: How the Digital Revolution is Transforming Currencies and Finance. Continue reading “CBDC and the Future of Money”

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Covid-19: An induced coma for the global economy

Agustin Carstens

Speaking at the UBS High-level Discussion on the Economic and Monetary Policy Outlook, held in Zurich on 27 May 2020, Agustín Carstens, General Manager, Bank for International Settlements, discussed the economic impact of Covid-19, and policy response of advanced economies’ central banks. Continue reading “Covid-19: An induced coma for the global economy”

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