Episode 011 - Monetary Policy and the Potential of Central Bank Digital Currencies with Hamid Rashid, Chief of Global Economic Monitoring at the United Nations

In this episode, Martin and Jahed talk with Dr. Hamid Rashid, a former director-general for multilateral economic affairs at the Ministry of Foreign Affairs in Bangladesh, is Chief of Global Economic Monitoring at the United Nations Department of Economic and Social Affairs. We take a bit of a detour from web3 and blockchain to discuss macroeconomics with Dr. Rashid. We dive into the functioning of the fed in the US, and how its policies impact economic opportunity and inequality in the US and abroad. We then use this framework to discuss the opportunities and pitfalls of the fed introducing a Central Bank Digital Currency. 

Here are the show notes:

• Financial Times - Fed to begin ‘rapid’ balance sheet reduction as soon as May, says top official
• Positive Money - Basic Overview of Bank Reserves 
• A Return to Operating with Abundant Reserves
• Teaching the Linkage Between Banks and the Fed - RIP the Money Multiplier
• The U.S. Dollar in the Age of Central Bank Digital Currencies
• https://www.bbva.com/en/the-digital-euro-cryptocurrencies-and-stablecoins-the-future-of-money-is-up-for-debate/
• Averting Catastrophic Debt Crises in Developing Countries
• Capital in the 21st Century by Thomas Picketty