64 min listen
David Andolfatto: The Impact of Central Bank Digital Currencies on the Banking Sector
FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
David Andolfatto: The Impact of Central Bank Digital Currencies on the Banking Sector
FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
ratings:
Length:
78 minutes
Released:
Dec 18, 2018
Format:
Podcast episode
Description
Since the rise of digital currencies and cryptocurrencies, central banks are considering the role these new forms of money may play in our evolving digital economy. One of the ideas studied is the notion of a central bank digital currency. While people and companies can hold central bank liabilities in the form of cash, only licensed banks have access to digital cash accounts with central banks.
We’re joined by David Andolfatto, VP of Research at the Federal Reserve Bank of St. Louis. David was previously on the podcast to discuss his idea for Fedcoin, a central bank issued cryptocurrency. In a recent paper, he explores the impact central bank digital currencies may have on the monopolistic banking sector.
Topics covered in this episode:
The state of central bank research on digital currencies and cryptocurrencies
The idea that central banks may hold Bitcoin reserves
David’s new paper on the impact of central bank digital currencies (CBDC)
The potential impacts of CBDC’s on the banking sector and our economy
The role of fractional reserve banking in our economy
How fractional reserve banking applies to cryptocurrencies
The Debreu model and the need for money in an entirely liquid market
David’s outlook for the future of Bitcoin and cryptocurrencies
Episode links:
Assessing the Impact of Central Bank Digital Currency on Private Banks (paper)
Smart Contracts and Asset Tokenization (article)
My perspective on the Bitcoin Project (article)
The Trust Machine: The Story of Bitcoin (article)
Fedcoin: On the Desirability of a Government Cryptocurrency (article)
David's last appearance on the podcast
Thank you to our sponsors for their support:
Simplify your hiring process & access the best blockchain talent . Get a $1,000 credit on your first hire at toptal.com/epicenter.
This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/266
We’re joined by David Andolfatto, VP of Research at the Federal Reserve Bank of St. Louis. David was previously on the podcast to discuss his idea for Fedcoin, a central bank issued cryptocurrency. In a recent paper, he explores the impact central bank digital currencies may have on the monopolistic banking sector.
Topics covered in this episode:
The state of central bank research on digital currencies and cryptocurrencies
The idea that central banks may hold Bitcoin reserves
David’s new paper on the impact of central bank digital currencies (CBDC)
The potential impacts of CBDC’s on the banking sector and our economy
The role of fractional reserve banking in our economy
How fractional reserve banking applies to cryptocurrencies
The Debreu model and the need for money in an entirely liquid market
David’s outlook for the future of Bitcoin and cryptocurrencies
Episode links:
Assessing the Impact of Central Bank Digital Currency on Private Banks (paper)
Smart Contracts and Asset Tokenization (article)
My perspective on the Bitcoin Project (article)
The Trust Machine: The Story of Bitcoin (article)
Fedcoin: On the Desirability of a Government Cryptocurrency (article)
David's last appearance on the podcast
Thank you to our sponsors for their support:
Simplify your hiring process & access the best blockchain talent . Get a $1,000 credit on your first hire at toptal.com/epicenter.
This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/266
Released:
Dec 18, 2018
Format:
Podcast episode
Titles in the series (100)
Jorge Timon & Mark Friedenbach: Bitcoin 2014, Freicoin, Freimarkets & Sidechains: We recorded episode 20 in Amsterdam the morning after the Bitcoin 2014 conference organized by the Bitcoin Foundation. Our two guests for the post-conference sit-down were Jorge Timon and Mark Friedenbach. Jorge is the founder of Freicoin, which is, from an economic perspective, one of the most innovative altcoins. They are also the creators of Freimarkets, which aims to bring Bitcoin 2.0 capabilities into the Bitcoin feature set itself. Finally, they are part of the newly formed Blockstream company, which will develop the Sidechains proposal. by Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies