Digital currency and the new cold war, The end of independent central banks
Tuesday 8 September 2020 – Vol.11 Ed.37.2
Commentary: Digital currency and the new cold war
By David Birch in London
Just as the US Treasury was mailing out physical stimulus cheques, the People’s Bank of China began its beta testing of a national digital currency in four cities. Future economists will look back on these counterpoints as the start of the digital currency era. The contrast brings into focus the ‘new cold war’. Along the Belt and Road, not only might digital currency be acceptable, it could be highly beneficial to trade and prosperity.
News: The end of independent central banks
By Tim Bartz in Berlin
Germany needs a Macron figure, able to communicate the benefits of the euro area, as its next chancellor. David Marsh, chairman of OMFIF, explains why as well as his fears over central bank independence, the return of inflation and why the euro area still needs to change, in an interview with Der Spiegel.
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