Digital Currencies and the New Global Financial System [Paperback]

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.

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. Its 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.

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.

The book draws a clear distinction between digital and cryptocurrencies and answers several research questions, such as what the consequences of forming Central Bank Digital Currencies and their impact on the financial markets, in both advanced and developlÎ