Tags : Frances

Market

Frances Coppola: Stablecoins Rely on Shadow Banking

We often talk about central banks creating fiat money. In fact, most fiat money is not created by central banks but by commercial banks. Furthermore, not all of the banks that create and hold fiat money are regulated banks. Many are what we know as “shadow banks.” In the cryptocurrency network, there is a whole […]Read More

Market

Frances Coppola: Join the Financial System, or Fight It

This has been an extraordinary year. Not for a century has there been a pandemic on this scale. And although far fewer people have so far died from COVID-19 than perished in the 1918-19 “Spanish flu,” the economic damage is probably far worse. Governments shut down large parts of their economies to try to prevent […]Read More