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.
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Articles by Warren Coats
Will the use of CBDCs improve cross-border payments?
International trials using CBDCs highlight significant architectural and practical challenges, writes Warren Coats
How Afghanistan’s central bank can help prevent famine
Rules could be devised to allow the New York Fed to ease the acute US dollar banknotes shortage, writes Warren Coats
The IMF’s $650bn SDR allocation and a future ‘digital SDR’
Focus is needed on widening SDR use in payments and the creation of a ‘digital SDR’, to support a large allocation of ‘official’ IMF SDRs, writes Warren Coats
Why Bulgaria needs to deepen its currency board
The BNB’s currency board rules should be extended to transaction deposits at commercial banks, which could in turn issue digital currencies, even in the event of euro adoption
The IMF should adopt a ‘real SDR’
The creation of a vibrant market in SDR linked to commodity prices could create a powerful new monetary anchor, argues Warren Coats