| As a result of the Corona Pandemic, national debt in the euro zone is rising to dizzying heights. In order to keep interest rates low, the ECB has bought up government bonds on a large scale. Without triggering a crash in the bond market, it will no longer be able to sell these bonds. However, the public debt outstanding in the market could be reduced if the ECB issues digital central bank money to finance the government bonds it has bought. Thomas Mayer is Founding Director of the Flossbach von Storch Research Institute. Before this he was Chief Economist of Deutsche Bank Group and Head of DB Research. Thomas Mayer held positions at Goldman Sachs, Salomon Brothers and, before entering the private sector, at the International Monetary Fund and the Kiel Institute. He received a doctorate in economics from Kiel University, is a CFA Charterholder and Professor at University Witten/Herdecke. About Bitcoin he says: "Bitcoin is an ingenious invention that, like paper money, has ushered in a new era in the history of money." This presentation was performed during the Value of Bitcoin Conference 2020 - on June 2nd 2020 Follow the Value of Bitcoin on Twitter - http://www.twitter.com/ValueOfBitcoin |
Thomas Mayer is a German economist. He was chief economist of Deutsche Bank from January 2010 to May 2012. Born in Backnang, Baden-Württemberg, Mayer attended the University of Kiel, earning a doctorate in 1982. Between 1983 and 1990 he worked for the International Monetary Fund, before moving on to the financial sector.
Tags:
