Executive Summary Since Facebook announced Libra, its proposed “global crypto-currency,” a bit over a year ago, central banks and monetary authorities worldwide have accelerated their efforts to develop central bank digital currencies (CBDCs). Sweden and China, for example, were nearly ready to test their own proto-CBDCs even before last summer. Thanks to CBDCs’ promise to […]
The Fed’s new Municipal Liquidity Facility can be a necessary financial lifeline to states facing a cash crunch — but only if they use it properly and completely.
The Fed’s new Municipal Liquidity Facility can be a necessary financial lifeline to states facing a cash crunch — but only if they use it properly and completely. This research and analysis is part of our Discourse series. Discourse is a collaboration between The Appeal, The Justice Collaborative Institute, and Data For Progress. Its mission […]