Bowman Doubts Benefit of Central Bank Digital Currency

The video discusses the potential of wholesale CBDCs for financial transactions and international payments. It highlights the challenges in designing CBDCs, particularly concerning consumer privacy and the banking system. The tradeoffs between benefits and unintended consequences are examined, questioning the justification for direct access CBDCs beyond interbank transactions. The evolving money and payments landscape, including digital innovations and a potential US CBDC, is explored. The Federal Reserve's research and international approaches provide valuable insights into these issues.

Why is it important to examine the evolving money and payments landscape in the context of CBD?

What role does the Federal Reserve's research play in understanding international approaches to CBD issues?