The notion of a global currency is a debate set aside in the past decade as the abstraction saw little potential for … realization in a world with heterogeneous governments unwilling to sacrifice seigniorage for optimal design. The technical … practical design and implementation. We discuss the characteristics of an ideal global currency and consider empirically the …

chain of central bank digital currency (CBDC) projects around the globe. In turn, COVID-19 has driven digitalization to new … Agreement, we suggest – while potentially optional from the standpoint of efficiency – the geopolitics of a multipolar world … currency areas, eliminating the historical pattern of monetary hegemony. There is a clear need to redesign systems to reduce …

-- chapter 5 Changing face of currency markets -- chapter 6 Lessons from the Asian crisis -- chapter 7 Reform of the IMF -- part …