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10min chapter
Josh Lipsky on Financial Statecraft, Cross-border Payments, and the Global Status of the Dollar
Macro Musings with David Beckworth
Retail and Wholesale CBDCs: Privacy Concerns and Dollar Dominance
The chapter delves into the privacy concerns and trust issues surrounding retail central bank digital currencies (CBDCs), explores the potential of wholesale CBDCs for cross-border payments to enhance dollar dominance, and discusses the implications of the US adopting a wholesale CBDC on distributed ledger technology and financial sanctions. It also addresses the importance of US involvement in advanced cross-border payment mechanisms to maintain leadership in the international financial system and touches on the role of FedNow in payment technology innovation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode