Kopi time with Taimur Baig podcast E57


BIS research head Hyun Song Shin on CBDCs.
Group Research, Taimur Baig24 Jun 2021
DBS


Podcast transcript

Dr. Hyun Song Shin, Economic Adviser and Head of Research at the Bank for International Settlements, joins Kopi Time to discuss the latest in Central Bank Digital Currencies or CBDCs. We begin with the basics: is CBDC nothing more than a digital banknote? What kind of interest in CBDCs is there among the community of central banks? What kind of payments, settlement, or other financial/social problems at the domestic level can be solved by a CBDC? What about cross border payments? What are the ideal design features and potential points of friction? What about data privacy? Would private sector stable coins complicate matters? Hyun addresses all this with great detail and clarity, and ends by sharing with us his vision for CBDCs five years from now.



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Taimur Baig, Ph.D.

Chief Economist - G3 & Asia
[email protected]
 
 

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