Play all audios:
Finance & economics | Central-bank digital currencies A PRIMER ON BLOCKCHAIN-BASED VERSIONS OF CENTRAL-BANK MONEY A BIS REPORT ADVISES: PROCEED WITH CAUTION BITCOIN, Ethereum, XRP,
Stellar, Cardano: the infant world of cryptocurrencies is already mind-bogglingly crowded. Amid the cacophony of blockchain-based would-be substitutes for official currencies, central banks
from Singapore to Sweden have been pondering whether they should issue digital versions of their own money, too. None is about to do so, but a report prepared by central-bank officials from
around the world, published by the Bank for International Settlements on March 12th—a week before finance ministers and central-bank heads from G20 countries meet in Buenos Aires—offers a
guide to how to approach the task. This article appeared in the Finance & economics section of the print edition under the headline “Proceed with caution” -------------------------
FINANCE & ECONOMICS March 17th 2018 * →America’s public markets are perking up. Can it last? * →A primer on blockchain-based versions of central-bank money * →Do credit booms foretell
emerging-market crises? * →A lose-lose trade war looms between America and China * →A startling amount of land in Japan has no official owner * →Why Japanese houses have such limited
lifespans * →In America, a political coalition in favour of protectionism may be emerging FROM THE MARCH 17TH 2018 EDITION Discover stories from this section and more in the list of contents
⇒Explore the edition