FNA Broadcasts

CBDC Broadcast #6 - Central Banks and Private Money: The Past, Present and Future

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Throughout history, technological developments, economic growth and the requirement for the effective execution of payments have driven changes to currencies and the financial system- from the first transatlantic cable to the rise of ATMs and credit cards 100 years later.

Today, as new technologies and innovations continue to emerge with the potential to transform the financial system, such as CBDCs, we ask, what historical and modern lessons are shaping the future of CBDCs?

To answer this question guests John Kiff, Managing Director at the CBDC Think Tank and Harish Natarajan, Lead Financial Sector Specialist, Finance, Competitiveness & Innovation at The World Bank joined FNA for Session #6 of The CBDC Broadcast.

The session covered:

  • The stability of the banking sector and consequences of instability
  • Whether banks are likely to see declines in profits or increased funding costs when a new form of central bank currency arrives
  • Why G7 economies are still in the Research & Development phase of their CBDC projects whereas small, emerging economies like The Bahamas, which seem to be leading the deployment of CBDCs
  • Whether other nations will follow China in introducing a non-DLT-based retail CBDC
  • What CBDCs promise and what they are likely to deliver
    • ...more
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