Latest / AI Economics Research Podcast
Federal Reserve Bank of New York Staff Reports: Federal Reserve: Why Programming Payments is Not the Same as Programmable Money (Explained)
This episode explores a fascinating research paper from the Federal Reserve Bank of New York, diving into the critical difference between programmable payments and programmable money. As central banks worldwide explore digital currencies, understanding this distinction is vital to ensure new monetary systems don't compromise the fundamental qualities of "good" money like uniformity and fungibility. Discover how a new framework clarifies this debate, and share your thoughts at feedback@econpod.org. Read the full paper at https://www.newyorkfed.org/research/staff_reports/sr1180.html. This…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.