Annual Outlook 2023: Warmer Climes Ahead orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.
Austerity is the result of countries’ democratic decisions to wait until the last minute before acting, under the pressure of the markets, mainly by raising taxes rather than implementing long-waited reforms. Lorenzo Bini Smaghi, former member of the executive board of the European Central Bank.[1]
<p><span>Thank you, Professor Jackson, and thank you to the </span><span>Harvard</span><span> </span><span>National Security Journal</span><span> for the invitation to speak at this symposium. As the payment system continues to evolve rapidly and the volume of digital assets continues to grow, it is critical to ensure that we keep both the benefits and risks of digital assets in the policy conversation, including the implications for America s role in the global economy and its place in the world. My speech today focuses on exactly this issue and on an aspect of the digital asset world that is now the center of domestic and international attention—central bank digital currencies (CBDCs) and how they relate to the substantial international role of the U.S. dollar.</span></p>
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