Digital Currencies and the New Global Financial System

This book analyses the current debate around Central Bank Digital Currencies (CBDC) and the future of New Global Financial System. It offers deep insight into the global monetary policy in the context of digital and cryptocurrencies and examines both the opportunities and challenges to come.

Autorentext

Ranjan Aneja is Professor & Head of the Department of Economics, Central University of Haryana, Mahendergarh, Haryana, India.

Robert Dygas is an Assistant Professor in the Department of East Asian Economic Studies, SGH Warsaw School of Economics, Warsaw, Poland.

Inhalt

List of tables. List of contributors. Preface. Editors biographies. Literature review regarding digital currencies and cryptocurrencies in the New Global Financial System. Impact of COVID-19 on the payment methods and rise of digital money. It's a time to crypto for retail investors: Cryptocurrencies as an alternative asset class for optimising an all-equity portfolio. The impact of inequality and poverty on cryptocurrency use. The price and promise of cryptocurrencies. The impact of money supply on the development of virtual currencies. Post-pandemic challenges for global central banking. Issue of central bank digital currencies potential consequences for the shape of the financial system. The meaning of decentralised finance (DeFi). Toward an European central bank digital currency: chances and problems. CBDC design and implementation in the context of differences between advanced and emerging economies. Advent of central bank digital currency and the future of monetary sovereignty. Acknowledgements and conclusion. References. Index.