Dr. Hyun Song Shin, Economic Adviser and Head of Research at the Bank for International Settlements, joins Kopi Time to discuss the latest in Central Bank Digital Currencies or CBDCs. We begin with the basics: is CBDC nothing more than a digital banknote? What kind of interest in CBDCs is there among the community of central banks? What kind of payments, settlement, or other financial/social problems at the domestic level can be solved by a CBDC? What about cross border payments? What are the ideal design features and potential points of friction? What about data privacy? Would private sector stable coins complicate matters? Hyun addresses all this with great detail and clarity, and ends by sharing with us his vision for CBDCs five years from now.

<p>Dr. Hyun Song Shin, Economic Adviser and Head of Research at the Bank for International Settlements, joins Kopi Time to discuss the latest in Central&nbsp;Bank Digital Currencies or CBDCs. We begin with the basics: is&nbsp;CBDC nothing more than a digital banknote? What kind of interest in CBDCs is there among the community of central banks?&nbsp;What kind of payments, settlement, or other financial/social problems at the domestic level can be solved by a CBDC?&nbsp;What about cross border payments? What are the ideal design features and potential points of friction? What about data privacy? Would private&nbsp;sector stable coins complicate matters? Hyun addresses all this with great detail and clarity, and ends by sharing with us his vision for&nbsp;CBDCs five years from now.</p>

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

<p>Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.</p>

Kopi Time podcast with Taimur Baig

DBS Economics & Strategy

Kopi Time E057: BIS research head Hyun Song Shin on CBDCs

https://api.omny.fm/orgs/f6ad7490-363d-4f1f-8948-abf300412a6f/clips/df8ff676-e794-4f44-a7fa-ad500071a9ae/transcript