What are Central bank digital currencies (CBDCs)? | World Economic Forum What are CBDCs? A CBDC is digital money issued by a central bank It would not replace cash but complement it “In a CBDC world, the digital code for each virtual currency unit will be held in a digital wallet and transferred seamlessly by the wallet-holder to other people’s digital wallets,” HBR says
Wealth can make us selfish and stingy. Two psychologists explain why . . . For many, wealth may seem like an unmitigated good – the more of it you have, the better After all, wealth brings all sorts of advantages, like improved health, greater freedom and control over your life, nicer things, respect from your friends and peers Yet new research suggests that wealth may also come with certain costs, and impact our social interactions in ways that we overlook
Speaking Gen Z: How banks can attract young customers Gen Z's spending and investing power is set to grow Here's how banks can combine their trusted physical presence with a competitive, exciting digital offering
Financial literacy can transform employee confidence and wellbeing . . . National Financial Literacy Month highlights the role of financial education in helping individuals build wealth and take control of their financial futures Personalized financial support has the power to change lives, empowering employees to confidently navigate life events and everyday money decisions Employers are uniquely positioned to drive financial empowerment by offering programmes
What is a central bank? | World Economic Forum The central bank supplies too much money, and prices rise too fast In the worst case, an oversupply of money can lead to out-of-control inflation Hyperinflation ravaged the German economy in the early 1920s, for example, after the government tried to print its way out of its First World War debt
What the great wealth transfer means for economic growth Whoever takes control of this money will therefore exert meaningful influence over the direction of funding for business investment in the global economy, directly affecting the relative cost of capital for different projects The shifts in relative capital costs will, in turn, impact the structure of economic growth