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ResearchPaper
2019
International digital currencies and their impact on monetary policy
International digital currencies and their impact on monetary policy
an exploration of implications and vulnerability
an exploration of implications and vulnerability
Abstract (English)
The objective of this discussion paper is to explore the consequences for monetary policy from the establishment of an international digital currency modeled like Libra. For this purpose, a basic assessment of the behavior of economic agents is conducted and possible conflicts with monetary policy are analyzed. Furthermore, a simple approach is developed to estimate the nature and extent of vulnerability for 42 currencies. The results suggest that currencies from developing countries and from developed nations are vulnerable in different ways. In the end, a stronger convergence of central bank policies could result. Thus, the introduction of an international digital currency represents a turning point for monetary policy.
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Notes
Publication license
Publication series
Hohenheim discussion papers in business, economics and social sciences; 2019,11
Published in
Other version
Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Free keywords
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Proettel2019,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6435},
author = {Proettel, Thorsten},
title = {International digital currencies and their impact on monetary policy : an exploration of implications and vulnerability},
year = {2019},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}