Payments As a Tool for Policy

Authors

Aaron Klein, The Brookings Institution

Document Type

Lecture

Publication Date

3-20-2024

Publisher

Brookings Mountain West

Abstract

What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth while using America's influence over financial institutions to promote freedom and prosperity throughout the world.

Keywords

Finance; Currency; Payment system

Disciplines

E-Commerce | Economic Policy | Economics | International Business | Public Policy | Technology and Innovation

File Format

pdf

File Size

2.3 MB

Run Time

01:01:04

Streaming Media

Language

English

Repository Citation

Klein, A. (2024). Payments As a Tool for Policy.
Available at: https://digitalscholarship.unlv.edu/brookings_lectures_events/158