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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26300 |
来源ID | Working Paper 26300 |
The Digitalization of Money | |
Markus K. Brunnermeier; Harold James; Jean-Pierre Landau | |
发表日期 | 2019-09-23 |
出版年 | 2019 |
语种 | 英语 |
摘要 | The ongoing digital revolution may lead to a radical departure from the traditional model of monetary exchange. We may see an unbundling of the separate roles of money, creating fiercer competition among specialized currencies. On the other hand, digital currencies associated with large platform ecosystems may lead to a re-bundling of money in which payment services are packaged with an array of data services, encouraging differentiation but discouraging interoperability between platforms. Digital currencies may also cause an upheaval of the international monetary system: countries that are socially or digitally integrated with their neighbors may face digital dollarization, and the prevalence of systemically important platforms could lead to the emergence of digital currency areas that transcend national borders. Central bank digital currency (CBDC) ensures that public money remains a relevant unit of account. |
主题 | Macroeconomics ; Money and Interest Rates ; Monetary Policy ; Financial Economics ; Financial Institutions |
URL | https://www.nber.org/papers/w26300 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583972 |
推荐引用方式 GB/T 7714 | Markus K. Brunnermeier,Harold James,Jean-Pierre Landau. The Digitalization of Money. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w26300.pdf(238KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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