Rogoff: Central Banks Looking at Digital Currencies

Ken Rogoff discusses the use of cash in society, focusing on India's demonetization and its economic impact. He compares global cash policies, highlighting Australia's and the U.S.'s approaches. The conversation shifts to currency depreciation linked to corruption, and concludes with insights on Bitcoin and blockchain technology.

What are the potential effects of phasing out large denomination notes in a country like India?

What strategies are being considered by Australia regarding cash transactions?

Discuss the challenges of measuring GDP in the context of cash shortages.

How did the sudden removal of cash affect the real estate sector in India?

What are the implications of currency depreciation in relation to cash usage and corruption?

How does the volatility of Bitcoin impact its potential to replace traditional cash?

What role does technology, such as blockchain, play in the future of currency?