A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely … investment than a currency …

Over time, there has been a tendency for political jurisdictions and residents to converge on a single currency … uniform currency, insofar as it is free of counterparty and liquidity risk, facilitates economic activity. But will digital … maintain their stability is doubtful. The one unit that can clearly meet these challenges is central bank digital currency. But …

The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large …

We consider how a central bank digital currency (CBDC) could transform all aspects of the monetary system and …

quality” to the international currency. However, in the Euro crisis, that of the Sterling pound became equally low, while the … deviations across the European currencies in the two crises. Currency-specific money market risk was critical in explaining the …

to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between …