Name: The Monetary Turning Point. From Bank Money to Central Bank Digital Currency (CBDC) (en Inglés)
Price: 203767.00 COP
Availability: InStock
Author: Joseph Huber
ISBN: 9783031239588

portada The Monetary Turning Point. From Bank Money to Central Bank Digital Currency (CBDC) (en Inglés)

The Monetary Turning Point. From Bank Money to Central Bank Digital Currency (CBDC) (en Inglés)

Formato

Libro Físico

Editorial

Palgrave Macmillan

Autor

Joseph Huber

Año

2023

Idioma

Inglés

N° páginas

208

Encuadernación

Tapa Blanda

Dimensiones

21.00 x 14.80 x 1.20 cm

ISBN13

9783031239588

The Monetary Turning Point. From Bank Money to Central Bank Digital Currency (CBDC) (en Inglés)

Joseph Huber (Autor) · Palgrave Macmillan · Tapa Blanda

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Reseña del libro "The Monetary Turning Point. From Bank Money to Central Bank Digital Currency (CBDC) (en Inglés)"

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 ofmonetary, 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.