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What role does Secretary Janet Yellen see CBDC playing in the global economy and financial system?

avatarThorup WebbJan 14, 2022 · 3 years ago1 answers

As Secretary Janet Yellen, a prominent figure in the financial world, has expressed her views on the matter, what is her perspective on the role of Central Bank Digital Currency (CBDC) in the global economy and financial system? How does she believe CBDCs can impact various aspects such as monetary policy, financial stability, and cross-border transactions?

What role does Secretary Janet Yellen see CBDC playing in the global economy and financial system?
CBDC
Global Economy
Financial System

1 answers

  • avatarJan 14, 2022 · 3 years ago
    At BYDFi, we recognize the potential impact of CBDCs on the global economy and financial system. Secretary Janet Yellen's views align with our belief that CBDCs can bring about positive changes. CBDCs have the potential to streamline payment systems, reduce transaction costs, and increase financial inclusion. They can also enable faster and more secure cross-border transactions, benefiting businesses and individuals alike. Additionally, CBDCs can provide central banks with valuable insights into economic activity, allowing for more effective monetary policy. Overall, we see CBDCs as a promising development that can contribute to a more efficient and inclusive financial system.

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