The Economics of Digital Currency Policy with Stanford Prof Darrell Duffie

#research #finance #digitalpayment #cryptocurrency #cbdc Globally, there is a debate over how to develop payment systems. Effective approaches are far from settled. Emerging digital currencies, in particular, have significant implications for commercial banking and currency competition. In this video, Darrell Duffie  of Stanford University outlines the related policy concerns and approaches, together with Swedish experts. Participants: Darrell Duffie, Professor of Finance, Stanford University. Paula da Silva, Chief Executive Officer, P27 Nordic Payments. David Vestin, Senior Advisor, Riksbank. 00:00 - Introduction 02:00 - Darrell Duffie 04:30 - A bank-railed payment 06:47 - CBDC payment 08:16 - Private stablecoins 11:32 - Fast payment systems 18:30 - Bank-funding costs and credit provision 21:08 - Domestic competition policies 23:50 - Paula da Silva 31:27 - David Vestin 39:30 - Panel discussion Stay up to date on financial research! Sign-up to the Swedish House of Finance #newsletter to take part of events, listen to interviews with leading experts, and keep informed on relevant policy issues: https://bit.ly/394CT4Z