Christina Skinner on Central Bank Digital Currency as New Public Money
Macro Musings with David Beckworth
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The Conundrum of CBDC
I'm not sure that necessarily implies the need for a new form of money, right? So I'd like to see more separation between this conversation of what is the unit of account and medium of exchange. If you really think about what a global financial system with CBDC would have to be, we would still need most of the core elements that we have today in terms of interoperability. And so ultimately, whether there's demand deposits nominated in dollars, I don't see any reason why they wouldn't be compatible with digital pounds.
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