Hyun Song Shin on CBDCs and the Future of Central Banking
Odd Lots
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The U.S. Dollar and Emerging Market Dynamics
This chapter explores the current status of the U.S. dollar amid recent market changes and inflation concerns, emphasizing its structural integrity and the nuances of short-term market reactions. It highlights the adaptive responses of emerging markets during the crisis and discusses the impact of Central Bank Digital Currencies (CBDCs) on the future of international finance. The conversation stresses the importance of building a more efficient payment system, suggesting that CBDCs could enhance rather than disrupt the existing monetary framework.
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