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We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy...
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Money is a social convention where one party accepts it as payment in the expectation that others will do so too. Over the ages, various forms of private money have come and gone, giving way to central bank money. The reasons for the resilience of central bank money are of particular interest...
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The Global Digital Reserve (GDR) represents an innovative paradigm in the world of cryptocurrencies, designed to …
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A well-functioning monetary system is characterized by public and private forms of money that exchange at par as value flows freely between them. This is essential for efficient transacting and contracting in a market economy. A relevant retail public money - whether in the form of cash, a...
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connecting and fault lines. A fil rouge from Keynes to digitization (Rainer Stefano Masera) -- Chapter 3. The Great Repricing …: Central Banks and the World Economy (Mervyn Allister King) -- Chapter 4. How Elastic Money Should Be: Flexible Monetary Policy …In light of the pickup of inflation at the end of 2021 and monetary policy shifts by the world's major central banks …
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