Central Bank Digital Currency (CBDC) has become a major policy interest among global central banks. However, its introduction faces many challenges including those that are legal, technological and political in nature. In this paper, we summarize those challenges and add a few more that have not...

China has been considered a systemically important economy for at least a decade. As policy makers worldwide grapple with sluggish growth there is relatively little evidence about whether the G4, which consists of the US, the Eurozone, Japan, and includes China, as a block contributes to global...

For at least a decade, in policy circles, China has been considered a systemically important economy. As policy makers worldwide grapple with sluggish growth there is relatively little evidence about the extent to which the G4, which consists of the US, the Eurozone, Japan, and China, as a block...