Bank Of England Chief Bullish On Gov't-Backed Digital Money

Law360 (August 23, 2019, 9:06 PM EDT) -- Replacing the U.S. dollar with a digital currency backed by central banks could prove to be a boon for the international financial system and reduce the impact of U.S.-based economic shocks on the rest of the globe, Bank of England chief Mark Carney said Friday.

The increasingly digital nature of the global economy, with more payments and retail purchases happening online, sets the stage for the emergence of a "synthetic hegemonic currency" that could replace the dollar as the world reserve currency, Carney said at the 2019 Jackson Hole Symposium, according to prepared remarks released by the Bank of England....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!