3 ms·
Would a so-called cbdc work? Get a bank account at the Fed that only gives you overnight rates (i.e. low but still higher than banks!), and only risk is sovere
by zzleeper 4y ago
Would a so-called cbdc work? Get a bank account at the Fed that only gives you overnight rates (i.e. low but still higher than banks!), and only risk is sovereign risk.
Akin to the narrow banks proposals of a few years ago
- lmm 4y agoGiven that the Fed refused to grant licenses to those narrow banks, with no real justification, those CBDCs seem unlikely to happen.