Warren Coats

Warren Coats retired from the International Monetary Fund after 26 years’ service in May 2003 to join the board of directors of the Cayman Islands Monetary Authority. He was chief of the special drawing rights division in the finance department of the IMF from 1982–88, and was a visiting economist to the board of governors of the US Federal Reserve in 1979. His latest book is One currency for Bosnia: creating the Central Bank of Bosnia and Herzegovina, which chronicles his work in establishing the CBBH in 1997. He has a a PhD in economics from the University of Chicago and a BA in economics from the University of California, Berkeley. In March 2019, the Central Banking journal awarded him for his outstanding contribution to capacity building of newly independent and post-conflict central banks.

Articles by Warren Coats

Digital currencies

Will the use of CBDCs improve cross-border payments?

International trials using CBDCs highlight significant architectural and practical challenges, writes Warren Coats

25 Sep 2023

Financial Stability

How Afghanistan’s central bank can help prevent famine

The most pressing need is to ease a US dollar banknotes shortage

02 Feb 2022

Payments

The IMF’s $650bn SDR allocation and a future ‘digital SDR’

Focus is needed on widening SDR use in payments, to support a large allocation of ‘official’ IMF SDRs

03 Aug 2021

Financial Stability

Why Bulgaria needs to deepen its currency board

Bulgaria’s currency board rules should be extended to transaction deposits at commercial banks

25 Feb 2020

International

The IMF should adopt a ‘real SDR’

A vibrant market in SDR linked to commodity prices could create a powerful new monetary anchor

13 Aug 2019

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