The Simplest Fix for Banking
https://www.project-syndicate.org/commentary/central-bank-digital-currencies-end-bank-runs-excessive-risk-taking-by-jan-eeckhout-2023-03
JAN EECKHOUT:
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all.
https://www.project-syndicate.org/commentary/central-bank-digital-currencies-end-bank-runs-excessive-risk-taking-by-jan-eeckhout-2023-03
JAN EECKHOUT:
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all.