There is a significant spillover from major economies to less well developed parts of the world when it comes to the ways central banks feel about state-backed digital currencies, a study from the Bank for International Settlements has found.
The working paper, published on July 18, looked at 15 economies using large language models to derive sentiment from media and central bank publications. The authors – Boris Hofmann, Xiaorui Tang and Feng Zhu – find that attitudes towards central bank
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