ASB’s Professor Hans Genberg: DeFi, China’s Rise, America’s Decline and a Waning US Dollar
Professor Hans Genberg is a Professor of Economics at the Asia School of Business and its Senior Director of Central Banking and Finance Programs.
He has published a number of papers related to exchange rate regimes, reserve management and capital-markets development, having worked in senior roles at the South East Asian Central Bank (SEACEN) Research and Training Centre, the Hong Kong Monetary Authority (HKMA) and at the International Monetary Fund (IMF).
Hans talks to Chuang about the implications to ASEAN and Malaysia about various themes such as the US banking crisis, the debasement of the Dollar / De-Dollarisation, the future of fiat currencies, the problems and risks of fractional banking as well as the onset of decentralised finance and the crypto world.
(Many thanks to the Asia School of Business for their collaboration with The Do More Podcast, in whose studio this conversation was recorded. The Asia School of Business is a partnership between MIT Sloan School of Management and Bank Negara Malaysia).
CONTENTS
00:01:35 – What Exactly Does Professor Genberg Do?
00:03:37 – Impact Of the US Banking Crisis
00:06:05 – How Much Blame Rests With the Federal Reserve?
00:08:53 – Long-Dated US Treasuries Are Risky After All!
00:12:19 – How Asia’s Banks Can and Should Adapt
00:14:20 – The Existential Questions Surrounding Central Banking
00:19:20 – Fractional Banking’s Structural Flaws
00:22:30 – How Can Banks Regain Peoples’ Trust?
00:25:25 – Should Banks Simplify Their Business?
00:28:43 – DeFi: How Does it Impact the People and the Banking System?
00:32:07 – The Disdain with the Dollar and America’s HUGE Debt
00:34:00 – Is the Almighty Dollar Doomed?
00:35:04 – How Sacrosanct is the Dollar’s Status as Global Reserve Currency?
00:37:30 – How Small Asian Exporter Nations Navigate Currency Volatility
00:43:12 – How Banking Looks Like in Five Years Time
00:49:14 – Data Points, Central Banks and Macroeconomics
00:52:00 – America’s Angst with China
00:55:32 – Whether Microeconomics Trumps Macroeconomics for Data Procurement
00:59:17 – Policymakers Must Up Their Game
01:00:26 – Adapting to an Uncertain World
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