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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29171 |
来源ID | Working Paper 29171 |
Central Bank Digital Currency in Historical Perspective: Another Crossroad in Monetary History | |
Michael D. Bordo | |
发表日期 | 2021-08-23 |
出版年 | 2021 |
语种 | 英语 |
摘要 | Digitalization of Money is a crossroad in monetary history. Advances in technology has led to the development of new forms of money: virtual (crypto) currencies like bitcoin; stable coins like libra/diem; and central bank digital currencies (CBDC) like the Bahamian sand dollar. These innovations in money and finance have resonance to earlier shifts in monetary history: 1) The shift in the eighteenth and nineteenth century from commodity money (gold and silver coins) to convertible fiduciary money and inconvertible fiat money; 2) the shift in the nineteenth and twentieth centuries from central bank notes to a central bank monopoly; 3) Then evolution since the seventeenth century of central banks and the tools of monetary policy. |
主题 | Macroeconomics ; Money and Interest Rates ; Monetary Policy |
URL | https://www.nber.org/papers/w29171 |
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/586843 |
推荐引用方式 GB/T 7714 | Michael D. Bordo. Central Bank Digital Currency in Historical Perspective: Another Crossroad in Monetary History. 2021. |
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