2 juin 2018 Indeed that was the political motivation behind Bitcoin
14 janv. 2022 This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs).
6 févr. 2018 Money in the digital age: what role for central banks? Lecture by Agustín Carstens. General Manager Bank for International Settlements. House ...
The future of currency in a digital world · FINANCE & DEVELOPMENT · A Quarterly Publication of the · International Monetary Fund · Our Digital.
27 janv. 2021 See A Carstens “Money in the digital age: what role for central banks?”
1 nov. 2018 The situation is similar with money and payments: some of you may have never carried hundreds of dollars in cash to buy something written a ...
The Future of Money: How the Digital Revolution Is. Transforming Currencies and Finance. Cambridge MA: The Belknap Press of Harvard University Press 2021.
10 févr. 2021 But one thing is certain: central banks around the world have ... However central bank digital currency would be a third form of central ...
A more direct indicator for the non-bank digital financial services is the usage of mobile money accounts: this indicator's positive and high correlation with
5 déc. 2019 See A Carstens “Money in the digital age: what role for central banks?“
Central Bank Digital Currency (CBDC) in the context of public policy considerations related to building the future of money and payments supporting U S global financial leadership advancing financial inclusion and equity and minimizing risks Money serves three core functions: a unit of account a medium of exchange and a store of value
Digital payments in the form of debit credit and prepaid cards are commonplace We are also seeing mobile payments like Apple Pay and Google Pay as well as the ability to send money by email There is even limited use of cryptocurrencies like Bitcoin The Bank of Canada is looking carefully at how money and payments are evolving
Digital money has the potential to transform the financial sector. Emerging markets and lower-income countries stand to gain the most from this dramatic shift. Broad and inexpensive access to digital money and phone-based transactions could open the door to financial services for 1.7 billion people without traditional bank accounts.
The IMF will play a key role in the new era of digital money. The organization was created to promote international monetary cooperation and oversee the stability of the international monetary system, as well as contribute to countries’ economic and financial stability.
Digital money would also likely increase gross capital flows as transaction costs diminish and financial products become more widely available. This comes with both pros and cons. Markets should become more integrated, offering risk-sharing and hedging opportunities for local households and firms.
Careful decisions must also ensure that new forms of digital money are environmentally sustainable—that the energy they require is kept in check. The path to digital money adoption must be guided by a clear and responsible vision of tomorrow’s broader payment, financial, economic, and environmental landscape.