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Peter Stella is the managing director of Stellar Consulting and was formerly an IMF official where he led the central banking and monetary and foreign exchange divisions. Peter has researched and written extensively on safe assets, collateral, and central banking operations, and he joins the show today to discuss this work.\xa0 David and Peter also discuss the Fed\u2019s large scale asset purchases, money and payment systems in advanced economies, and why the U.S. Treasury should start issuing bills to the Fed.

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Transcript for the episode:\xa0https://www.mercatus.org/bridge/podcasts/02182019/peter-stella-debt-safe-assets-and-central-bank-operations

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Peter\u2019s Voxeu profile: https://voxeu.org/users/peterstella0

Peter\u2019s Research Gate archive: https://www.researchgate.net/profile/Peter_Stella

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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth