Currencies

Angus Armstrong & Dennis Snower see major risks associated with the growth of privately issued US dollar-backed digital tokens

RBA rate cuts are fading to the horizon on inflation pressure, but the US Fed is expected to cut its policy rate twice more in this cycle, says Westpac's Luci Ellis

Barry Eichengreen thinks the argument that stablecoins will preserve the US dollar dominance rests on a slew of shaky assumptions and leaves key questions unanswered

Hilary Allen foresees grave risks from recent US legislation deregulating stablecoins - and from the ideology it reflects

Hélène Rey notes technology is reshaping capital flows and currency dominance; data integrity is essential for financial stability

Money has taken many forms over millennia; digital tokens are the latest. The IMF's Itai Agur reveals the large benefits of digital tokenisation - and the enormous risks they bring

New technologies are rewiring liquidity, payments, and economic stability