Public and Private Money Can Coexist in the Digital Age

Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund's (IMF) Monetary and Capital Markets Department. Tommaso Mancini-Griffoli is a Deputy Division Chief in the same Department. ___ We value innovation and diversity--including in money. On the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we