CBDCs are coming, but they won’t change the face of international payments and they won’t dethrone the dollar.
For Barry Eichengreen's latest contributions to The Japan Times, see below:
Stablecoin stability is an illusion. They are unlikely to replace Federal Reserve money, revolutionize finance or realize the dreams of their libertarian enthusiasts.
The China shock gave us Donald Trump. A carbon tax, imposed willy-nilly, could result in even worse.
Scientific advances — epitomized by the rapid development of RNA-based COVID-19 vaccines — are the most fundamental reasons for optimism.
The idea of a digital dollar has been in the air for some time now. Recently, it descended from the ether to the lips of U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. At an event in February, Yellen flagged the ...
The expected financial tsunami crisis never arrived. Just six countries have defaulted on their sovereign debt, and only Argentina and Ecuador have restructured their debts.
Biden now, like FDR then, must reiterate his message of hope and unity as an antidote to the coronavirus and political division.
Policymakers must take the right steps to ease the transition to the world being created by COVID-19.
Racial disparities in the impact of the COVID-19 crisis are fueling the U.S. protests.
Suspending developing economies' debt didn't work in the 1980s and it won't work now.