Regulators need to act to manage risks that the rapid scaling up of stablecoins, and diverging approaches on how to govern them, pose to global financial stability.

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Anderson, James A.. The Dong World and Imperial China's Southwest Silk Road: Trade, Security, and State Formation. : University of Washington Press, 2024. 298 pp. $35.00 (paper), ISBN 9780295752792. R...

Central bank digital currency (CBDC) projects have advanced the furthest in small or developing economies. In contrast, central banks in wealthy countries where...