The Emergence Of Digital Currencies
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The Digitalization of Money - Princeton University
scholar.princeton.eduplatforms. Digital currencies may also cause an upheaval of the international mon-etary system: countries that are socially or digitally integrated with their neighbors may face digital dollarization, and the prevalence of systemically important platforms could lead to the emergence of digital currency areas that transcend national borders.
The Way Forward for Retail Central Bank Digital Currency ...
www.bot.or.thcash coupled with the emergence of private digital currencies has awakened central banks to consider retail CBDC issuance in their respective countries. In anticipation that digital currencies will play a greater role in Thailand’s future financial landscape, we now expand our attention to a retail CBDC for the general public.
Supervisory and Regulatory Issues that Merit Authorities ...
www.fsb.orgJun 27, 2017 · emergence, there will be both opportunities and risks to financial stability that s, policymaker regulators, supervisors and overseers should consider. ... authorities should analyse the potential implications of digital currencies for monetary policy, financial stability and the global monetary system. One issue is the use of some
Virtual currency schemes - a further analysis
www.ecb.europa.eu2.1 Virtual currencies do not fit the economic or legal definition of money or currency 23 ... it is defined as a digital representation of value, not issued by a central bank, credit institution or e-money institution, which in some circumstances can be used ... In 2011 the ECB started analysing the emergence of virtual currency schemes ...
Central bank digital currencies
www.bis.orgCentral bank digital currencies 3 1. Introduction Some central banks have started to consider whether they might, at some stage in the future, issue digital currencies of their own. While providing greater access to digital forms of central bank liabilities is not an
Digital Assets, Distributed Ledger Technology and the ...
www3.weforum.orgdigital currencies (CBDCs) in several jurisdictions, and commercial dynamics, such as cost pressures and client service expectations. The underlying challenges that DLT is trying to solve in ... Emergence of a bifurcated client service model, with a focus on digitization and
BIS Working Papers
www.bis.orgCentral bank digital currencies: motives, economic implications and the research frontier Raphael Auer , Jon Frost , Leonardo Gambacorta , Cyril Monnet∗, Tara Rice and Hyun Song Shin 1 Abstract In just a few years, central banks have rapidly ramped up their research and development effort on central bank digital currencies (CBDCs).
5354 All In for Growth
web-assets.bcg.comprivate digital currencies and stablecoins such as Face-book’s Diem and JP Morgan’s JPM Coin could threaten their ability to implement effective monetary policy inter-ventions. Another reason is practicality. With a CBDC, payers can offer legal tender in a digital format and send it instantly. A third reason is the potential for greater finan-
The Future of Money - OECD
www.oecd.orgdramatic economic and social changes could create conditions for the emergence of new, virtual forms of money and credit. On the positive side these digital forms of money could help to create more efficient and more global economies and societies. On the negative side tomorrow’s new forms of money could make it easier
Digital currencies and CBDC impacts on least developed ...
www.undp.orgLDCs, drawing on key examples of CBDC and digital currencies that have been launched or are being piloted. We provide a section on the implications of digital currencies in the African context as it is home to most of the world’s LDCs, and is an ongoing focal point for mobile money, financial inclusion technology and digital currencies.