Barrett, The Honors College Thesis/Creative Project Collection
Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.
Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.
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- Creators: Dean, W.P. Carey School of Business
In recent years, there has been an accelerating demand for new electronic systems of payment including pressures for various forms of digital currency. China has advanced a central bank digital currency (CBDC) which may well play a key role in their global economic ascendancy and thereby provide a substantive advantage in overtaking the United States as the dominant economic and political superpower. However, digital currencies in general, and a U.S. CBDC present a variety of challenges including development, approval, and implementation. Despite these concerns, this study argues that the U.S. should develop a CBDC on an expedited timeline with the help of an executive order. The study proceeds through three stages. First, the study explains what a CBDC is. Second, it identifies the motivations to develop a CBDC and threats that foreign CBDCs pose to the US dollar. Third, it analyzes current progress towards a United States CBDC. The study concludes with remarks on why the United States must elevate its sense of urgency and push more intensely to develop a competitive and strategic CBDC, and recommendations for a potential executive order. Ultimately, the President of the United States must put forth an additional executive order covering CBDCs and work to develop a CBDC on an expedited timeline to combat the rise of foreign digital currencies and protect the dollar.