Results 51 to 60 of about 7,893 (248)

De‐Dollarization Is a Plausible Outcome of the New Washington Consensus

Global Policy, EarlyView.
ABSTRACT A trend towards de‐dollarization of the global economy in which the US dollar ceases to be used as the world's reserve currency for international transactions confronts some of the existing structures of international economic law, built upon the rules set out by US‐led organizations like the WTO, the IMF, and the World Bank. This article will
David Collins
wiley   +1 more source

Representation of fractal curves by means of L systems [PDF]

, 1996
This is the author's version of the work. It is posted here for your personal use. Not for redistribution. The definitive Version of Record was published in APL Quote Quad, http://dx.doi.org/10.1145/253417.253348Proceedings of the conference on Designing
Alfonso Ortega, Culik, Culik II, S, Giessmann, Manuel Alfonseca, Prusinkiewicz   +5 more
core   +1 more source

How Politics Hinder Central Bank Digital Currency (CBDC) Development and What to Do about It

Journal of Central Banking Theory and Practice
The motivations and benefits of issuing a central bank digital currency (CBDC) are well known but the challenges faced by central banks in developing and issuing a CBDC have received less attention.
Peterson K. Ozili
semanticscholar   +1 more source

Can Central Bank Digital Currencies Promote the Internationalization of Currencies?

European Financial Management, EarlyView.
ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley   +1 more source

Cryptocurrency Bubbles and Costly Mining

International Economic Review, EarlyView.
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley   +1 more source

Setting the Readiness of Law to Implement Central Bank Digital Currency in Indonesia

Arena Hukum
The shift in behaviour from conventional to technology-based patterns has led to technological transformation, giving rise to an emerging digital currency: crypto.
Rumi Suwardiyati, Azlin Alisa Ahmad, Reka Dewantara, Dwi Benny Satria, Ranitya Ganindha   +4 more
doaj   +1 more source

Cash for Transactions or Store‐of‐Value? A Comparative Study on Scandinavian Countries and Canada

International Finance, EarlyView.
ABSTRACT We estimate the demand for transactional and non‐transactional cash balances (banknotes and coins) in Canada, Denmark, Iceland, Sweden and Norway over the last decades exploiting the seasonality of cash demand. These countries share many features that are relevant for cash demand, but nevertheless show large differences in terms of aggregate ...
Carl Andreas Claussen, Björn Segendorf, Franz Seitz   +2 more
wiley   +1 more source

Central bank digital currency in small open economies

Latin American Journal of Central Banking
This paper examines how the introduction of Central Bank Digital Currency (CBDC) impacts small open economies (SOE). We build a Two-Agent New Keynesian (TANK) model with financially constrained agents, where both cash and CBDC provide liquidity service ...
Rong Fan, Todd B. Walker, Allan Wright
doaj   +1 more source

Does Previous Experience with the Unified Payments Interface (UPI) Affect the Usage of Central Bank Digital Currency (CBDC)?

Journal of Risk and Financial Management, 2023
In this study, we examined the influence of users’ experiences with the unified payments interface (UPI) system on the usage behavior of central bank digital currency (CBDC) in India.
Munish Gupta, Sanjay Taneja, Vikash Sharma, Amandeep Singh, Ramona Rupeika-Apoga, Kshitiz Jangir   +5 more
semanticscholar   +1 more source

Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case

Information Systems Journal, EarlyView.
ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley   +1 more source