Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
Macro Musings with David Beckworth
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Navigating Stablecoins and Europe’s Economic Stability
This chapter examines Europe's economic challenges linked to stablecoins, highlighting the dominance of dollar-denominated assets and concerns over financial stability. It contrasts Europe's cautious regulatory approach with the U.S. strategy, discussing the implications of Central Bank Digital Currencies (CBDCs) and the pivotal role of banks in monetary policy. The conversation also addresses the legislative developments affecting stablecoin regulation and the potential impact on international financial dynamics.
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