DoubleLine Paper: Digital Currencies, Bilateral Settlement Could End Dollar as World Reserve Currency

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Oct 29, 2020, 11:00 ET

LOS ANGELES, Oct. 29, 2020 /PRNewswire/ -- DoubleLine Capital LP has posted on DoubleLine.com a new paper titled "Bilateral Digital Currency Payments and the Twilight of the Dollar," written by Bill Campbell, co-Portfolio Manager of the DoubleLine Global Bond Strategy.

To obtain the paper, please click on this link:

https://doubleline.com/dl/wp-content/uploads/Bilateral-Digital-Currency-Payments-October-2020.pdf

In conjunction with work to develop digital currencies, central banks "are devising a new structure for electronic payments to sweep aside the decades-long framework for payment settlements, both domestic and international,´ Mr. Campbell writes. "The world's central banks and the Bank of International Settlements (BIS) envision a network of multiple cross-border payment systems featuring direct bilateral exchanges in the world's different currencies. Such a regime would discard the decades-long mediation through the world's reserve currency, the U.S. dollar."

This new paper expands on Mr. Campbell's Oct. 6, 2020, paper, "The Pandora's Box of Central Bank Digital Currencies," which can be accessed at the following link:

https://doubleline.com/dl/wp-content/uploads/The-Pandoras-Box-of-CB-Digital-Currencies-October-2020.pdf

About DoubleLine Capital LP
DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. News media can reach DoubleLine by e-mail at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.

SOURCE DoubleLine