IMF Senior Financial Sector Expert. Opinions are my own. RTs not endorsements. Check here for an archive of my digests: https://t.co/zLMX5wCo8U
Kiffmeister's Alternative Risk Transfer Digest (week ending 04/16/2021) The week's key developments in catastrophe (CAT) risk transfer markets (nothing notable in longevity risk transfer markets this week).
The New Money Review published a nice summary of a podcast that we recorded last week on central bank digital currency, and the benefits and risks of new digital economy.
Jamaican Finance Minister Nigel Clarke announced that the Bank of Jamaica will launch a central bank digital currency (CBDC) pilot in 2021 aiming for a full-scale launch in 2022. Make sure to watch the video!
The Digital Dollar Project white paper calls for a tokenized US dollar that will operate alongside existing fiat currency and commercial bank money, and maintain the current two-tiered banking system.
Today the Bank of Japan began its year of Phase 1 central bank digital currency (CBDC) proof of concept (PoC) work to test basic payment instrument functions such as issuance, distribution, and redemption.
The Dutch central bank (DNB) said today that it would like to experiment with a digital currency issued by itself and other European central banks, as the use of cash rapidly diminishes.