Preserving the Singleness of Money in a Future Digital Currency Ecosystem

In a recent paper, the Bank for International Settlements observes that “singleness of money does not rule out varying credit risk across intermediaries. The value of private liabilities as stores of value could differ across intermediaries, in much the same way that in the current two-tier monetary system bank bonds or negotiable certificates of deposit (CDs) can trade at varying spreads. Singleness is an attribute of the payment, rather than private liabilities as a store of value.” 

GDF’s Elise Soucie joins “Preserving the Singleness of Money in a Future Digital Currency Ecosystem,” a discussion, hosted by the Digital Pound Foundation in conjunction with Fireblocks, that looks to explore this concept of the singleness of money, and the practical ways in which it can be implemented, through legal and regulatory frameworks, technical interoperability, and settlement mechanisms.