For those in the “Deep” at @TheBitcoinConf, this paper is a useful companion to the conversation I had with Zoltan today (not recorded). Project mBridge is an example of China “dedollarizing” FX swap markets. Wonky & niche areas of macrofinance matte
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@UrbanKaoboy This is an insightful paper. https://t.co/klVn2uwMpS
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The system also concentrates financial power in the hands of US authorities. In times of crisis, the Fed is in a unique position to provide liquidity in THE denomination with the unqualified ability to settle most international obligations. (5/25) https:/
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