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Michael Lee and Antoine Martin Since the launch of Bitcoin and other first-generation cryptocurrencies, there has been extensive experimentation in the digital currency space. So far, however, digital currencies have yet to gain much ground as a means of payment. Is there a vacuum in the landscape of digital money and payments that central banks are naturally positioned to fill? In this post, Michael Lee and Antoine Martin, economists in the New York Fed’s Money and Payment Studies function, answer some questions regarding the concept of central bank digital currencies (CBDCs).   Q: There�...

Tipperary man serving with United Nations honoured with Medal of Distinction YESTERYEARS - ITEMS FROM OUR FILES The front page of The Nationalist on April 27, 1986 Reporter: ');  '); Our front page lead story on April 27, 1996, by Aileen Mulhall, was about a south Tipperary soldier, honoured for bravery by the Minister for Defence, following an ordeal he and his company endured in the Lebanon. Sergeant Michael Fleming of Priestown, Drangan, was presented with a Distinguished Service Medal with distinction in Collins Barracks, Cork. Just one of three soldiers honoured for bravery, Michael w...

A ONE-OFF evening clinic has been held to help give Covid vaccines to homeless people and those with complex needs.

A ONE-OFF evening clinic has been held to help give Covid vaccines to homeless people and those with complex needs.

Olivier Armantier, Leo Goldman, Gizem Koşar, and Wilbert van der Klaauw In October, we reported evidence on how households used their first economic impact payments, which they started to receive in mid-April 2020 as part of the CARES Act, and how they expected to use a second stimulus payment. In this post, we exploit new survey data to examine how households used the second round of stimulus checks, issued starting at the end of December 2020 as part of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, and we investigate how they plan to use the third round au...