8min chapter

Macro Musings with David Beckworth cover image

Josh Lipsky on Financial Statecraft, Cross-border Payments, and the Global Status of the Dollar

Macro Musings with David Beckworth

CHAPTER

Advancements in Chinese Cross-Border Payment Systems

The chapter delves into the growth of the Chinese cross border interbank payment system, Sips, and its increasing significance in the global financial landscape. It also explores the developments in financial technology, particularly focusing on projects like Enbridge, highlighting the potential benefits and competition in the cross-border payments market.

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