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Alberto Gallo: Central Bank Digital Currencies Will Fix Bad Policy

The Federal Reserve and its peers would be able to tier interest rates to better target individual sectors of the economy. More than 85% of the world's central banks are working on central bank digital currencies, according to the Bank for International Settlements. The People's Bank of China has already implemented a digital yuan, and

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Posted: May 25, 2021 Tuesday 05:00 AM