The charm of central bank digital currencies in a polarised world
The Sound of Economics
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The Upsides and Downsides of CBDC for the US
The downside is that countries like, let's say, bad regime could also create their own network and completely exclude us from that network. I believe the answer to that from a US perspective is to develop its own CBDC model regardless of whether we issue one for our domestic economy. And if that project was undertaken in coordination with the Bank of England and the ECB, most countries in the world would make sure they met those standards - similar to correspondent banking and AML KYC standards. But effectively, we are talking about new developments in the world of wholesale CBDCs that touch on issues of geopolitics.
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