
The race for the future of money is on.
Rise of Digital Currencies
Digital payment systems are bringing millions of unbanked and underbanked online and closing inequality gaps in many developing economies. But the risks are clear – cyberthreats, fraud, illicit and untraceable money laundering. Should more governments step in and create Central Bank Digital Currencies (CBDCs)? What are China’s ambitions for the digital yuan? Our work will ask whether a transatlantic cooperative project can set new standards on digital currencies and ensure stable and transparent cross-border payments.
Projects

The Euro at 21
As the Euro hits twenty-one, it’s time to consider the future of the monetary union. The Center will explore whether the monetary union will become a fiscal union, if negative interest rates are sustainable for another decade, and whether the Coronavirus has permanently eroded trust between Eurozone members.

The Dollar’s Destiny
The flood of dollars from the Federal Reserve in response to COVID-19 raises long-term concerns about a global economic system so reliant on one central bank and currency. Is the role of the dollar sustainable? Will massive QE generate inflation, deflation, or something different? What would the global financial system look like if the dollar was no longer the main reserve currency?