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HARMONIZING DIGITAL CURRENCIES WITH INDUSTRY 5.0: A TRANSFORMATIVE NEXUS FOR ECONOMIC EVOLUTION
EDPACS: The EDP Audit, Control, and Security NewsletterPresent work assesses the impact of digital currencies on financial systems and their potential role in shaping the core principles of Industry 5.0. It embarks on an exploration of the synergies, challenges and transformative potentials arising at the ...
G. A. Ogunmola, Vikas Kumar
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The macroeconomics of central bank digital currencies
, 2021We study the macroeconomic consequences of issuing central bank digital currency (CBDC) - a universally-accessible and interest-bearing central bank liability that competes with bank deposits as medium of exchange. In a DSGE model calibrated to match the
John Barrdear, Michael Kumhof
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Digital currencies and digital transformation strategy
Public Administration, 2021The paper examines the events of the Gaidar Forum – 2021 dedicated to the features of digital transformation. By analyzing the speakers’ presentations, the author notes the need to minimize the negative consequences of the coronavirus pandemic for the world economy, to unleash the creative potential and sustainable development of countries. At the same
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2023
Cryptocurrencies create their own strong place in the world economy, even as governments and central banks acknowledge that the blockchain technology empowers cryptocurrencies. But they also worry that cryptocurrencies are designed to bypass established financial systems, even sovereign ones.
Ashwani Sharma, Nitpal Singh Rathod
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Cryptocurrencies create their own strong place in the world economy, even as governments and central banks acknowledge that the blockchain technology empowers cryptocurrencies. But they also worry that cryptocurrencies are designed to bypass established financial systems, even sovereign ones.
Ashwani Sharma, Nitpal Singh Rathod
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2014
Digital gold currency, or DGC as it is called, emerged in the mid-1990s and permitted complex, immediate, and irreversible financial transactions over the Internet. No restrictions on usage or identity verification made these systems instantly popular.
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Digital gold currency, or DGC as it is called, emerged in the mid-1990s and permitted complex, immediate, and irreversible financial transactions over the Internet. No restrictions on usage or identity verification made these systems instantly popular.
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SSRN Electronic Journal, 2018
Digital currency created by the private sector, such as bitcoin, is designed to have a determined supply and enable payments with the premise of competing with and supplanting central bank fiat money and the banking system. Central banks are developing fiat public digital currency and banks are innovating in response.
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Digital currency created by the private sector, such as bitcoin, is designed to have a determined supply and enable payments with the premise of competing with and supplanting central bank fiat money and the banking system. Central banks are developing fiat public digital currency and banks are innovating in response.
openaire +1 more source
2014
HYIP Ponzi schemes helped build the digital currency industry. E-gold and other online methods of payment became popular with HYIP schemes. Many factors, such as the growth of independent exchange agents, helped to boost the usage and popularity of e-gold and digital currency.
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HYIP Ponzi schemes helped build the digital currency industry. E-gold and other online methods of payment became popular with HYIP schemes. Many factors, such as the growth of independent exchange agents, helped to boost the usage and popularity of e-gold and digital currency.
openaire +2 more sources
In an era characterized by rapid digitalization and technological advancement, the global financial landscape is undergoing a transformative shift, with the central bank digital currency (CBDC) emerging as a ground-breaking innovation. CBDC are a digital form of sovereign currency issued by a country's central bank, designed to complement traditional ...
Andrea Civelli +3 more
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Andrea Civelli +3 more
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2019
Digital currency is one of the fastest growing areas in today’s financial environment. Despite its remarkably successful journey, it is not free from risk. These may arise in the form of technological catastrophe such as hacks, or manifest as technical failures, regulatory weakness, inadequate operational mechanisms, malpractice or lack of market ...
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Digital currency is one of the fastest growing areas in today’s financial environment. Despite its remarkably successful journey, it is not free from risk. These may arise in the form of technological catastrophe such as hacks, or manifest as technical failures, regulatory weakness, inadequate operational mechanisms, malpractice or lack of market ...
openaire +1 more source