The Monetary Turning Point is popular PDF and ePub book, written by Joseph Huber in 2023-02-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Monetary Turning Point can be Read Online from any device for your convenience.
The Monetary Turning Point Book PDF Summary
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.
Detail Book of The Monetary Turning Point PDF
- Author : Joseph Huber
- Release : 17 February 2023
- Publisher : Springer Nature
- ISBN : 9783031239571
- Genre : Business & Economics
- Total Page : 198 pages
- Language : English
- PDF File Size : 13,5 Mb
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