Marcelo M. Prates

Stablecoins Risk a Rerun of Financial Crises Past

We shouldn't ignore the risks that stablecoins potentially pose to the financial system, says our columnist.

OpinionCentral Bank Digital CurrencyStablecoinsRandal K. Quarles

Jul 1, 2021 at 8:07 p.m. UTC

Jul 1, 2021

Policy

Moving on From Good-Bad Crypto Dialogue

Central banks should welcome competition from crypto and the crypto industry should be less defensive, says our columnist.

OpinionCBDCsNewslettersThe Node

Jun 9, 2021 at 5:19 p.m. UTC

Jun 9, 2021

bank-of-england-considers-negative-interest-rates-2

Policy

No Reason to Fear Central Bank Digital Currencies

Fears that CBDCs could cause financial instability and increase surveillance are misplaced, says our columnist.

May 17, 2021 at 11:29 a.m. UTC

May 17, 2021

president-trump-threatens-to-close-the-southern-border-with-mexico-over-immigration

Policy

The Real Trouble With Cross-Border Payments

Blame governments, not technology, for costly and inefficient international payments. But private cryptocurrencies could help.

Apr 6, 2021 at 3:08 p.m. UTC

Apr 6, 2021

fed-officials-saw-bond-buying-pace-continuing-for-some-time

Policy

Federal reserve

Into the Money-verse: Central Banks Under Siege in 2028

It's 2028. Once-dominant sovereign currencies face intense competition. Meanwhile, someone is attacking the Fed's e-Gov platform.

Federal ReserveOpinionTreasury BillsInternet 2030

Mar 6, 2021 at 2:59 p.m. UTC

Mar 6, 2021

Finance

The Future of Money in the Multiverse

It's 2028 and central banks, Big Tech companies and the "deplatformed" are establishing their own worlds of digital money.

Jan 25, 2021 at 5:23 p.m. UTC

Jan 25, 2021

Policy

Central Banks Had to Up Their Money Game This Year – And They Did

Faced by the rise of stablecoins and other blockchain experiments, central banks had to rethink their roles in the world this year.

OpinionCBDCsYear in Review 2020

Dec 21, 2020 at 8:30 p.m. UTC

Dec 21, 2020

bank-of-england-considers-negative-interest-rates

Policy

The Big Choices When Designing Central Bank Digital Currencies

A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications.

Oct 26, 2020 at 3:55 p.m. UTC

Oct 26, 2020

Policy

4 Myths About CBDCs Debunked

As central bank digital currencies have risen up the policy agenda, myths have emerged to confuse what they can and can't deliver.

Aug 13, 2020 at 2:20 p.m. UTC

Aug 13, 2020

row_of_men_at_the_new_york_city_docks_out_of_work_during_the_depression_1934_-_nara_-_518288

Policy

Digital Dollars Can Reduce Unemployment, Here's How

A blueprint for a central bank digital currency designed with a specific purpose: stopping layoffs.