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Remarks by Deputy Assistant Secretary for International Financial Markets Nicholas Tabor on Digital Money in Seoul, South Korea
Thank you very much to the Ministry of Economy and Finance, the Bank of Korea, the Financial Services Commission, and the IMF for hosting me today. This conference is a timely opportunity, to discuss how best to ensure that monetary innovation supports a stable, well-functioning global financial system and economy. My contribution to that discussion, focusing on cross-border payments, will be brief. My remarks elaborate on the speech that Jay Shambaugh, Under Secretary of the U.S. Treasury for International Affairs, delivered in October. Today’s topic is the future of money, but I want to begin in the past. At some ... (full story)