Nicholas Anthony on *Digital Currency or Digital Control: Decoding CBDC and the Future of Money*
Macro Musings with David Beckworth
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The Rise of Central Bank Digital Currencies
This chapter explores the development and implications of Central Bank Digital Currencies (CBDCs), particularly in the context of the Biden administration's focus on financial inclusion and efficient payments. It discusses the historical evolution of CBDCs, the response to tech-driven currency proposals, and the concerns surrounding privacy and regulatory oversight. The chapter also analyzes the potential risks and complexities introduced by different types of CBDCs in the financial system.
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