I am very pleased to be here with you today. As a macroeconomist and a central banker, I am delighted to be visiting the world’s most famous technical university. The place where Paul Samuelson, one of the fathers of modern macroeconomics, worked. Where his assistant Robert C. Merton developed the foundations of modern option pricing theory. Economists and central bankers currently have a particularly keen interest in the MIT digital currency initiative (DCI), which conducts intensive research on blockchain technology and digital currencies. One of the reasons for the Bundesbank’s interest is that DCI research ... (full story)