The Fed's Disastrous Confusion about Moneyby@kameir
367,630 reads

The Fed's Disastrous Confusion about Money

July 9th 2022
5m
by @kameir 367,630 reads
tldt arrow
EN
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

The term “money” is often used as a synonym for currency. However, the determination of the former qualification is observably a distinction left entirely to users of the latter. The Federal Reserve has taken the lead on discussing a potential U.S. CBDC with a paper titled “Money and Payments: The U.K. Dollar in the Age of Digital Transformation” The paper enumerates multiple forms of money, differentiating these mostly by their credit and liquidity risks across the central bank, commercial bank and 'nonbank money'

Company Mentioned

Mention Thumbnail
featured image - The Fed's Disastrous Confusion about Money
Christian Kameir HackerNoon profile picture

@kameir

Christian Kameir

Managing Partner, Sustany Capital


Receive Stories from @kameir

react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!