end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Facebook's Diem. Money and …

An indexed unit of account is a money analogue, used to express prices; the unit's" purchasing power is defined by an … index. Indexed units of account are not true money in that" they are not used as a medium of exchange. The first successful … units to be used for" all transactions, so that the role of conventional money might be reduced to clearing-house" functions …

An indexed unit of account is a money analogue, used to express prices; the unit's" purchasing power is defined by an … index. Indexed units of account are not true money in that" they are not used as a medium of exchange. The first successful … units to be used for" all transactions, so that the role of conventional money might be reduced to clearing-house" functions …

dual role the dollar as the dominant international money and national money cannot be easily reconciled because the US … international public good of a stable money. To strengthen the IMS, China has advocated the revitalization of the Special Drawing … Rights (SDRs). But SDRs are neither money nor a claim on any international institution; are issued exogenously without any …