Digital Money Across Borders: Macro-Financial Implications

Publication Date:

October 19, 2020

Electronic Access:

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Summary:

Rapid ongoing progress with digital technologies has increased the prospects for adoption of new forms of digital money for both domestic and international transactions. These include central bank digital currencies (CBDCs) and the so-called global stable coins (GSCs) proposed by large technological companies or platforms. This paper explores the complex interactions between the incentives to adopt and use CBDCs and GSCs across borders and discusses the potential macro-financial effects.

Series:

Policy Paper No. 2020/050

Subject:

Frequency:

occasional

English

Publication Date:

October 19, 2020

ISBN/ISSN:

9781513559209/2663-3493

Stock No:

PPEA2020050

Pages:

49

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