central bank digital currency


Policy

Digital Currencies Won't Replace US Dollar Anytime Soon: IMF Chief Economist

Digital currencies do not yet meet the criteria to become a viable alternative to the greenback, according to the IMF's Gita Gopinath.

Gita Gopinath, chief economist of the International Monetary Fund. (Credit: Wikimedia Commons)

Markets

MARKETS DAILY: Central Bank Digital Currencies and US Dollar Dominance in 2020

With 2019 vanishing in the rear view mirror, Markets Daily is back for an insightful look into the trends that are already shaping this new decade.

MD jan 2nd front

Markets

In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy

As the roaring '20s begin, the U.S. dollar looks as strong as ever. But signs of decline are on the horizon.

"The Funding Bill" by Eastman Johnson, 1881, via the Metropolitan Museum of Art

Policy

The Bahamas Launches Digital Currency Pilot

A new “digital fiat currency” for the Bahamas could turn the island nation in to a crypto testbed.

Credit: Shutterstock

Policy

A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency

Ten years of central bank quantitative easing have fostered big distortions in the global financial system, setting it up for a major architectural shift.

CentralBankBalanceSheets_CoinDeskResearch

Policy

'New Risks': Swiss Government Skeptical on Central Bank Digital Currency

A digital Swiss franc would do more harm than good and bring financial risks, according to the nation's government.

Credit: Shutterstock

Markets

Volcker Might Have Said Yes to a Digital Dollar - If He Knew What It Was

What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks?

Former Fed Chairman Paul Volcker (center) with successors Alan Greenspan (left) and Ben Bernanke. (Credit: Federal Reserve)

Markets

China's Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report

The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.

yuan, reminbi

Policy

Ghana May Issue Digital Currency in 'Near Future,' Says Central Bank Chief

Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project.

Ghanaian cedis

Policy

In Wargaming Exercise, a Digital Yuan Neuters US Sanctions and North Korea Buys Nukes

What if China’s digital currency undermined U.S. dominance of global finance? Former top Washington officials gamed out the scenarios Tuesday night.

Former government officials participating in a wargaming exercise on Nov. 19, 2019. Image via Harvard Kennedy School

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