The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.
Read More »The e-Krona Project Progresses
The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.
Read More »Elektronisches Zentralbankengeld hat Vorteile
- Click to enlarge Die Schweizerische Nationalbank hat dem E-Franken eine Absage erteilt – zu Unrecht, sagt Dirk Niepelt im Interview mit finews.ch. Der Direktor des SNB-nahen Studienzentrums Gerzensee erklärt, warum digitales Geld Vorteile bringt. Vergangene Woche hat sich Andréa Mächler, Mitglied des dreiköpfigen Direktoriums der Schweizerischen Nationalbank (SNB), kritisch zur Einführung eines elektronischen...
Read More »“Elektronisches Zentralbankengeld hat Vorteile (Benefits of `Reserves for All’),” finews, 2018
finews.ch, April 9, 2018. PDF. Andreas Britt interviewed me. I describe the consequences of “Reserves for All” and point to potential benefits.
Read More »Kontantupproret
Kontantupproret (“cash rebellion”) in Sweden—not everybody is pleased with the prospect of a cashless society. David Crouch reports in The Guardian.
Read More »Oil Prices, CPI: Why Not Zero?
In the early throes of economic devastation in 1931, Sweden found itself particularly vulnerable to any number of destabilizing factors. The global economy had been hit by depression, and the Great Contraction was bearing down on the Swedish monetary system. The krona had always been linked to the British pound, so that when the Bank of England removed gold convertibility (left the gold standard) from its...
Read More »Governments Adopt the Blockchain, To Improve Efficiency and Build Trust
The Economist reports about government initiatives aimed at using blockchain technology in the public sector. Possible uses include land registries, identity-management systems, health-care records, or elections. Proponents expect the technology to improve efficiency and transparency and foster trust. Adoption requires significant investments. According to a survey “nine in ten government organisations say they plan to invest in blockchain technology to help manage financial transactions,...
Read More »FX Daily, May 30: Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs
Swiss Franc The euro is lower at 1.0901 (-0.11%). EUR/CHF - Euro Swiss Franc, May 30(see more posts on EUR/CHF, ) - Click to enlarge FX Rates With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today. The chief story today, though, is not the greenback but the...
Read More »Sweden’s Gold Reserves: 10,000 gold bars (pet rocks) shrouded in Official Secrecy
In February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank, enquiring whether the Riksbank physically audits Sweden’s gold and whether it would provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and amount to 125.7 tonnes, making the Swedish nation the...
Read More »Sweden on Friday
Sweden’s tabloid Aftonbladet (in English) about what happened on Friday, 17 February 2017 in Sweden (nothing extraordinary).
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