Banks must adapt to rise of digital currency
The central banks in particular need to keep pace with technological shifts, because worrying about change won’t stop it happening
Digital money received support from an unexpected corner last week in the form of an IMF paper. The Rise of Digital Money, by Tobias Adrian and Tommaso Mancini-Griffoli, took a fascinating look at how banks in general, and central banks in particular, need to evolve to keep up with the technological shifts that are making digital currency more mainstream. This includes, but is not limited to, crypto-currencies.
The main thrust of the paper referred more...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Private rental sector remains strong despite Covid-19
Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account
How the programme for government will shape housing
Several strategic changes offer an opportunity for positive reform of planning and development
Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery