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The Geopolitical Battle Over Monetary Infrastructure
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The Geopolitical Battle Over Monetary Infrastructure
ANGERS—The development of payment infrastructure in emerging-market economies (EMEs)—from instant payment systems in retail markets to wholesale central bank digital currencies (CBDCs) for cross-border interbank settlement—is part of a broader technological transformation. But the intense scrutiny these initiatives face from the United States suggests that what is at stake is not only technical supremacy, but […] The post The Geopolitical Battle…
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