Central banks around the world are rushing to prepare digital replacements for their notes and coins. But the most critical question of all regarding state digital money remains unresolved. Will […]
Bitcoin is a live, multi-billion-dollar experiment involving tens of millions of willing participants. It’s also a case study in game theory, the field of science that studies the interactions between […]
Asset management giant Vanguard is making a push into distributed ledger technology and blockchain. The firm’s head of fintech strategies, Warren Pennington, recently spoke to New Money Review editor Paul […]
Why is US President Trump fighting with China over an app used by kids to share funny short-form videos? The TikTok battle is one front of a broader war over […]
CLS, the bank that plays a pivotal behind-the-scenes role in the global foreign exchange (FX) market, has added to warnings of a build-up of post-trade risks. Foreign exchange is the […]
The global financial markets are now increasingly dependent on a single currency, the US dollar, and a single source of liquidity—the US central bank. That’s the conclusion drawn by the […]
The United States’ position at the centre of global financial system is at risk because of the country’s ageing money infrastructure, according to a former government insider. “We must future-proof […]
We can all see the short-term impacts of the coronavirus pandemic: fear, lockdowns, falls in output, restrictions on travel, frictions in supply chains, growing social tension and unprecedented government intervention. […]
Most of us are so used to the concept that saved money grows by earning a positive rate of interest that the idea of negative interest rates comes as a […]
It’s time to reverse the major trend seen since the 2008 financial crisis—centralisation. That’s the opinion of Alex Lipton, an academic and former Wall Street quant who now works at […]