PUBLIC AND PRIVATE MONEY CAN COEXIST IN THE DIGITAL AGE

A system with just private money would be far too risky. And one with just central bank currency could miss out on important innovations.

ECONOMICS AND MONETARY POLICY

We value innovation and diversity – including in money. In the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we might hand over notes and coins, though in many countries increasingly less often. Today’s world is...

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