Currencies

Grant's Interest Rate Observer editor Jim Grant breaks down what Wall Street doesn't want investors to hear and provides insight on the global economy on 'Making Money.' "Central-bank digital currency" doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound. One hundred and...

Grant's Interest Rate Observer editor Jim Grant breaks down what Wall Street doesn't want investors to hear and provides insight on the global economy on 'Making Money.' "Central-bank digital currency" doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound. One hundred and...