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.
International trials using CBDCs highlight significant architectural and practical challenges, writes Warren Coats
The most pressing need is to ease a US dollar banknotes shortage
Focus is needed on widening SDR use in payments, to support a large allocation of ‘official’ IMF SDRs