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Kenneth Rogoff on Monetary Moves, Fiscal Gambits, and Classical Chess

Conversations with Tyler

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The Future of Currency: Challenges and Considerations

This chapter examines the implications of phasing out large denomination currency amidst rising inflation and its connection to the underground economy. It discusses the potential regulation of stablecoins and the feasibility of issuing a Central Bank Digital Currency, while addressing concerns over transparency and international compliance. Additionally, the chapter highlights unresolved macroeconomic puzzles, including inflation rates and the intricacies of bank regulations, inviting a thorough exploration of contemporary economic policies.

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