The Crisis from Crypto
Manage episode 376972544 series 3419907
In this second miniseries of Season 2, "Global Finance", we're wrestling with the strangeness of living in a world that aspires to a level of global integration our current systems can't support - and maybe don't want to. The rise of cryptocurrency has many stories attached to it: some about wanting to change the world, some about exploiting the world in new ways. In this episode, we reflect on the deeper story: the fact that we're hungry for alternative financial relationships in the first place. How else can we answer that underlying need for global reform?
REFERENCES
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Clark, M L. "The crypto crisis fallout in El Salvador", OnlySky. 2022. https://onlysky.media/mclark/the-crypto-crisis-fallout-in-el-salvador/
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Fuje, Habtamu et al. "Africa’s Growing Crypto Market Needs Better Regulations", IMF Blog, Fintech. 2022. https://www.imf.org/en/Blogs/Articles/2022/11/22/africas-growing-crypto-market-needs-better-regulations
Kharpal, Arjun. "IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets", CNBC. 2022. https://www.cnbc.com/2022/05/23/imf-head-says-stablecoins-not-backed-by-assets-are-a-pyramid-hinting-at-ust.html
Mandeng, Ousmène Jacques. "Stable coins’ rise has echoes of Bretton Woods", Financial Times. 2021. https://www.ft.com/content/4bb77dd2-ad49-4f26-990a-cf6513b54057
Martin, Eric. "IMF urges El Salvador to Strip Bitcoins Legal Tender Status", Al Jazeera. 2022. https://www.aljazeera.com/economy/2022/1/25/imf-urges-el-salvador-to-strip-bitcoins-legal-tender-status
Nugent, Ciara. "Why El Salvador’s Bukele Is Doubling Down on Bitcoin Despite the Crypto Crash", Times Magazine. 2022. https://time.com/6236899/el-salvador-bukele-bitcoin-crash/
Wheatley, Jonathan and Adrienne Klasa. "Cryptocurrencies: developing countries provide fertile ground", Financial Times. 2021. https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788
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