Rampant dollar threatens global economy; calls made for US to deliberately weaken the dollar Read more
As central banks around the world investigate the introduction of a CBDC, one concern raised repeatedly is that the move could make runs on banks more frequent or more severe. However, in an OFR working paper, Todd Keister and Cyril Monnet argue that banks would lower their maturity mismatch when depositors have access to CBDC, reducing their exposure to depositor runs. Read more