Digitizing the Dollar

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Publisher :
ISBN 13 : 9781612199313
Total Pages : 336 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Digitizing the Dollar by : Rohan Grey

Download or read book Digitizing the Dollar written by Rohan Grey and published by . This book was released on 2022-04-19 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The modern era of digital currency is here, but far from an oddity or bubble, digital money promises to revolutionize our monetary system--and presents a unique opportunity to change it for the better. The modern era of digital currency began in 2008, with the publication of Satoshi Nakamoto's famous whitepaper on Bitcoin. But despite early hacker enthusiasm, today Wall Street and Silicon Valley have staked claims over the future of digital currency. Both industries share a vision of a commercial product, driving profits from data-mining and predictive analytics--and they are positioning themselves to lay the groundwork for the future of money as it inevitably digitizes. Since the invention of coins, money has been an instrument of public governance and law, designed by democratic process. As the digital revolution threatens to change this premise, overcoming the combined interests of Wall Street and Silicon Valley will require a full-throated, unapologetic defense of the public nature of money. Law professor and digital currency expert, Rohan Grey, explores the history and theory of money to explain how digital currency departs from coin, credit, and cash, and how it changes--and does not change--the nature of money. In Digitizing the Dollar, he presents a clear vision for the future of a public digital currency that incorporates political, economic, and legal concerns to make sure that money, in its next stage, remains a tool by and for the people.

The Digital Dollar Revolution

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Publisher : eBookIt.com
ISBN 13 : 1456643673
Total Pages : 157 pages
Book Rating : 4.4/5 (566 download)

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Book Synopsis The Digital Dollar Revolution by : Zcash101

Download or read book The Digital Dollar Revolution written by Zcash101 and published by eBookIt.com. This book was released on 2023-12-26 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Embark on a Journey Through the Heart of the Financial Future Imagine a world where the very essence of transactions, savings, and investments are revolutionized. "The Digital Dollar Revolution: How E-Currency Shapes American Lives" offers readers an exhilarating exploration into this emerging reality. Delve deep into the profound changes e-currency brings to society, and discover how the digital dollar is reshaping the American dream. Step by step, the book unravels the complex web of technology, economy, and policy that forms the backbone of the digital dollar. Through insightful analysis of its history and development, you gain a robust understanding of digital versus traditional currency, and the technological innovation driving this dramatic shift. Chapter 1: Understanding the Digital Dollar illuminates the beginnings of this financial phenomenon, setting the stage for a captivating narrative. Chapter 2: The Digital Economy delves into the impact on e-commerce and consumer behavior, revealing the foundations of the gig economy revolution. As the digital dollar intertwines with daily life, your perspective on personal finances and commerce will evolve. The narrative takes a critical turn with Chapter 3: Financial Inclusion and Exclusion, examining the potential to break banking barriers while also considering the risk of deepening inequalities. With Chapters 4 and 5 addressing privacy and cybersecurity, the book exposes the delicate balance between data security and civil liberties, painting a vivid picture of the new challenges we face. From shedding light on how digital currency is recalibrating the job market (Chapter 6: Digital Currency and American Jobs) to exploring the far-reaching effects on banking and finance (Chapter 8: The Ripple Effect on Banking and Finance), this book leaves no stone unturned. It boldly addresses the politics of a digitized economy, the global currency race, and the striking cultural shifts that accompany this financial metamorphosis. Join the ranks of the informed and become a part of "The Digital Dollar Revolution". As you turn the final pages, you won't just understand the road ahead for the average American--you'll be equipped to navigate it.

The Future of Money

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Publisher : Harvard University Press
ISBN 13 : 0674258444
Total Pages : 497 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Future of Money by : Eswar S. Prasad

Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

The Rise of Public and Private Digital Money

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513592033
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Rise of Public and Private Digital Money by : International Monetary Fund

Download or read book The Rise of Public and Private Digital Money written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-29 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the companion paper on the new policy challenges related to the adoption of digital forms of money, this paper presents an operational strategy for the IMF to continue delivering on its mandate of ensuring domestic and international financial and economic stability. The paper begins by summarizing the forces driving the adoption of digital forms of money, and the new policy questions that emerge. It then focusses on how the IMF’s core activities and output will need to evolve, including surveillance, capacity development, and analytical foundations. It ends by discusses how the IMF intends to partner with other organization, and to grow and structure internal resources to fulfill this vision.

Beyond Blockchain

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Publisher :
ISBN 13 : 9781729177280
Total Pages : 250 pages
Book Rating : 4.1/5 (772 download)

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Book Synopsis Beyond Blockchain by : Erik Townsend

Download or read book Beyond Blockchain written by Erik Townsend and published by . This book was released on 2018-10-24 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cryptocurrency trend of the past few years has continued to grow despite widespread predictions that it would just be a flash in the pan. Blockchain is suddenly everyone's favorite buzzword. But what if there's more to this story than meets the eye? What if Digital Currency is about to change the world in ways beyond our imagination? And what if geopolitical forces our politicians don't even understand have already inspired China and Russia to use Digital Currency to attack the U.S. Dollar's dominance over the global financial system?The Dollar has served as the world's reserve currency since 1944, and the fringe benefits have allowed the U.S. Government to borrow and spend beyond its means and run massive trade deficits for decades. Now China and Russia suddenly have a new lever to use which could upset the global balance of power. Who would have guessed that technology breakthroughs conceived by the inventors of cryptocurrency would hand China and Russia just the weapon they needed to attack the Dollar's rule over the global economy? The invention of digital cash enables government-issued digital currency systems that could completely modernize the global monetary system. The potential benefits to society are so great that it's hard to grasp their full magnitude. But a digital currency system introduced by China and Russia could upstage the Dollar and replace it as global reserve currency, causing devastating consequences for the U.S. economy. Which country wins the new digital currency Space Race could change the course of human history.There's plenty of evidence that China and Russia are already hard at work. The Chinese central bank is aggressively hiring Blockchain engineers, but has been suspiciously quiet about what they're working on. Sergei Glaziev, economic advisor to Russian President Vladimir Putin is giving keynote speeches to Blockchain conferences. The Chinese central bank filed more digital currency patents than anyone else in 2017. This book explains why China and Russia are suddenly so interested in Digital Currency technology, and more importantly, what they plan to do with it. Time is short for the U.S. Government to wake up and recognize the threat that now looms over the U.S. Dollar's dominance at the center of the global financial system, and why Digital Currency technology is likely to be the challengers' weapon of choice to defeat the Dollar.Author Erik Townsend is uniquely qualified to sort this puzzle out and tell the entire fascinating story. In his first career, Townsend was a distributed systems architect - an expert in all the technologies used to create cryptocurrencies. In his second career, he was a hedge fund manager who studied reserve currency status extensively. Townsend first gives readers an introduction to both conventional money and digital currency, then gives a detailed introduction to relevant monetary history subjects, and finally ties it all together and explains how a state-sponsored digital currency system could steal the title of global reserve currency from the U.S. Dollar and change the balance of world power.

Digitizing the Dollar

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Author :
Publisher :
ISBN 13 :
Total Pages : 97 pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis Digitizing the Dollar by : United States. Congress. House. Committee on Financial Services. Task Force on Financial Technology

Download or read book Digitizing the Dollar written by United States. Congress. House. Committee on Financial Services. Task Force on Financial Technology and published by . This book was released on 2021 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1

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Author :
Publisher : Academic Press
ISBN 13 : 0128104422
Total Pages : 484 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1 by : David Lee Kuo Chuen

Download or read book Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1 written by David Lee Kuo Chuen and published by Academic Press. This book was released on 2017-08-03 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets. Contributors go beyond summaries of standard models to describe new banking business models that will be sustainable and will likely dictate the future of finance. The volume not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but it also looks at engineering theories and developments that encourage innovation. Its ability to illuminate present potential and future possibilities make it a unique contribution to the literature. - Explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets - Explains the practical consequences of both technologies and economics to readers who want to learn about subjects related to their specialties - Encompasses alternative finance, financial inclusion, impact investing, decentralized consensus ledger and applied cryptography - Provides the only advanced methodical summary of these subjects available today

Digital Assets and the Law

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Publisher : Taylor & Francis
ISBN 13 : 1003853323
Total Pages : 265 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Digital Assets and the Law by : Filippo Zatti

Download or read book Digital Assets and the Law written by Filippo Zatti and published by Taylor & Francis. This book was released on 2024-02-22 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delves into the intricacies of digital assets. With the increasing reliance on crypto and the potential adoption of digital currencies by central banks, our monetary system is at a critical point. The importance of taking the next step has become even more stringent, as evidenced by this systematic scientific reconstruction. Divided into five concentric parts, the book starts with a historical, technical and financial introduction to digital assets. It then explores the changing role of central banking and monetary economics in the upcoming era. Finally, it focuses on the broad legal issues arising from the new digital landscape, not shying away from exploring forward-thinking solutions and policies for the future. With the contributions of prominent international experts in the field, this collection supplies a transdisciplinary analysis based on the belief that complex phenomena can only be handled by complex solutions. This groundbreaking work aims to be more than just an academic treatise; it is a must-read for students, scholars, financial professionals, and all those who want to understand the emerging digital currency reality that many have yet to fully recognise.

Money and Payments

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Money and Payments by :

Download or read book Money and Payments written by and published by . This book was released on 2022 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Federal Reserve Board releases discussion paper that examines pros and cons of a potential U.S. central bank digital currency (CBDC). The paper summarizes the current state of the domestic payments system and discusses the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies. It concludes by examining the potential benefits and risks of a CBDC, and identifies specific policy considerations."--Press Release dated 20 Jan 2022.

Tethered Money

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Publisher : Academic Press
ISBN 13 : 0128034971
Total Pages : 174 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Tethered Money by : Gideon Samid

Download or read book Tethered Money written by Gideon Samid and published by Academic Press. This book was released on 2015-07-17 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tettered Money: Managing Digital Currency Transactions presents a comprehensive discussion of financial transactions using digital currencies, with the author, Gideon Samid, making the case for their expansion in tethered money. Exploring the technical, legal, and historical aspects of digital money, the author discusses how the emerging technology of money specified for a specific need or to perform a particular task will affect society. The ability to dictate, Samid argues, how money is spent could increase control over our lives and resources, enabling us to practice a certain efficiency that would, in due time, become a pillar of civilization. Informative and thought-provoking, the book describes an evolving future that, in some quarters, has already arrived. - Delivers an in-depth picture of security issues related to financial transactions - Explores recent regulatory developments regarding digital currencies - Considers existing cryptocurrencies and alternative payment schemes

Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges

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Author :
Publisher : IGI Global
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 (693 download)

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Book Synopsis Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges by : Kaur, Guneet

Download or read book Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges written by Kaur, Guneet and published by IGI Global. This book was released on 2024-03-07 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ever-evolving landscape of global finance, the rise of Central Bank Digital Currencies (CBDCs) has introduced a myriad of challenges that demand immediate scholarly attention. The accelerating pace of digital transformation, coupled with the intricate dynamics of these novel currencies, poses significant hurdles in their widespread adoption. From privacy concerns to the technological complexities involved, the academic community finds itself at the forefront of deciphering the multifaceted challenges inherent in the CBDC landscape. Addressing this imperative need for comprehensive analysis is the groundbreaking publication, Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges. Within the pages of this compelling work, scholars will encounter a meticulous exploration of the intricate evolution of money, navigating from traditional barter systems to the digital era. The catalytic role of Bitcoin in reshaping the financial landscape serves as a cornerstone, laying the foundation for a profound understanding of the cryptocurrency fundamentals that underpin CBDCs. This book delves into the conceptual frameworks and technological models shaping CBDCs, aiming to illuminate the complex challenges faced by central banks, governments, and financial institutions in their pursuit of digital currency integration.

Layered Money

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Publisher :
ISBN 13 : 9781736110515
Total Pages : 180 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis Layered Money by : Nik Bhatia

Download or read book Layered Money written by Nik Bhatia and published by . This book was released on 2021-01-18 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a "layered" manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia's analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of "layered money" illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Readers will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.

The Citizens' Ledger

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Publisher : Springer Nature
ISBN 13 : 3030995666
Total Pages : 211 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis The Citizens' Ledger by : Robert C. Hockett

Download or read book The Citizens' Ledger written by Robert C. Hockett and published by Springer Nature. This book was released on 2022-07-05 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first of its kind in several overlapping and rapidly developing fields that now dominate news headlines – among them the fields of crypto-currency, digital payments platforms, ‘fintech,’ and central bank digital currencies (‘CBDCs’). With crypto and fintech now threatening to transform finance in destabilizing and anti-democratic ways, and with China and other nations now digitizing their national currencies in the form of CBDCs that make the US dollar and national payments infrastructure look ever more quaint and outmoded, this book shows both why the US and other democratic commercial societies must, and how they can, democratically digitize their currencies, their national payments systems, and the authorities that respectively issue and administer them – in the US, the Federal Reserve System (‘the Fed’).

Handbook of Digital Currency

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Author :
Publisher : Elsevier
ISBN 13 : 0323989748
Total Pages : 732 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Handbook of Digital Currency by : David Lee Kuo Chuen

Download or read book Handbook of Digital Currency written by David Lee Kuo Chuen and published by Elsevier. This book was released on 2024-07-02 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Second Edition offers readers new ways to learn about subjects outside their specialties and provides authoritative background and tools for those whose primary source of information is journal articles. Encompassing currencies, payment methods, and computer communication protocols, digital currencies are growing in use and importance. The book's comprehensive view of the field covers history, technical, IT, finance, economics, legal, tax, and the regulatory environment. For those coming from different backgrounds with different questions in mind, this new edition is an essential starting point. - Discusses all major strategies and tactics associated with digital currencies, their uses, and their regulations - Presents future scenarios for the growth of digital currencies - Offers seven new chapters covering such topics as side chains, sharding, privacy protection and CBDC, Libra and the convergence of technology, and much more

A History of Digital Currency in the United States

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Publisher : Springer
ISBN 13 : 1137568704
Total Pages : 284 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis A History of Digital Currency in the United States by : P. Carl Mullan

Download or read book A History of Digital Currency in the United States written by P. Carl Mullan and published by Springer. This book was released on 2016-11-23 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents detailed case studies of the first commercial internet digital currency systems developed between 1996 and 2004. Transactions completed with the new technology circumvented all US financial regulations, an opening that transnational criminals exploited. Mullan explains how an entire industry of companies, agents, and participants turned a blind eye to crimes being committed in this unsupervised environment. He then tracks the subsequent changes made to US regulations that now prevent such unlicensed activity, illustrating the importance of supervising products and industries that arise from new disruptive technology. This book distills hundreds of hours of interviews with the creators and operators of early digital currency businesses to create detailed case studies of their practices.

The Monetary Turning Point

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Publisher : Springer Nature
ISBN 13 : 3031239571
Total Pages : 198 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis The Monetary Turning Point by : Joseph Huber

Download or read book The Monetary Turning Point written by Joseph Huber and published by Springer Nature. This book was released on 2023-02-17 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The monetary system is at a turning point. The question is no longer if, but how soon countries will roll out a Central Bank Digital Currency (CBDC). This book discusses the recomposition of the money supply from the present bank money regime to a monetary system determined by CBDC. As the book sets out, the future of money is going to be digital and sovereign. Nonetheless, the relationship between the various types of money is competitive rather than being the peaceful coexistence that was officially envisaged. CBDC competes with the incumbent bank money as well as with private cryptocurrencies that are challenging both central-bank money as well as bank money. For technological and political reasons, bank money will not be able to emulate the superior properties of sovereign digital tokens. Uncovered and unwarranted cryptocurrencies, too, will not stand the competition in the long run. The shifts in the monetary system are changing the role of central banks in the interplay of monetary, fiscal and private-creditary functions and open up improved options for monetary policy. The book will be of interest to academics, researchers, and policymakers in monetary and financial economics, and digital currencies.

Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513561622
Total Pages : 51 pages
Book Rating : 4.5/5 (616 download)

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Book Synopsis Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations by : Wouter Bossu

Download or read book Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations written by Wouter Bossu and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-20 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and reputational risks for central banks. While the appropriate design of the legal framework will up to a degree depend on the design features of the CBDC, some general conclusions can be made. First, most central bank laws do not currently authorize the issuance of CBDC to the general public. Second, from a monetary law perspective, it is not evident that “currency” status can be attributed to CBDC. While the central bank law issue can be solved through rather straithforward law reform, the monetary law issue poses fundmental legal policy challenges.