Digital Money Across Borders: Macro-Financial Implications

Digital Money Across Borders: Macro-Financial Implications
READ MORE...
Volume/Issue: Volume 2020 Issue 050
Publication date: October 2020
ISBN: 9781513559209
$0.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , PP , unit of account , transaction costs , currency competition , fiat currency , GSC adoption , medium of exchange , foreign currency , financial system , U , S , dollar , CBDC issuer , Currencies , Central Bank digital currencies , Digital currencies , Dollarization , Digital wallets , Global

Summary

Rapid ongoing progress with digital technologies has increased the prospects for adoption of new forms of digital money for both domestic and international transactions. These include central bank digital currencies (CBDCs) and the so-called global stable coins (GSCs) proposed by large technological companies or platforms. This paper explores the complex interactions between the incentives to adopt and use CBDCs and GSCs across borders and discusses the potential macro-financial effects.