Public or Private? The Future of Money: In-Depth Analysis

Diskussionspapiere extern

Chi Hyun Kim, Alexander Kriwoluzky

Bruxelles: European Parliament, 2019, 23 S.
(Monetary Dialogue Papers)

Abstract

Stablecoins issued by large tech companies pose a significant challenge for traditional fiat money. In this study, we highlight the importance of a public-private-cooperation in dealing with this topic, where central banks closely work with stablecoin issuers in issuing synthetic central bank digital currency (sCBDC). This framework minimizes the risks of private money and utilises the technological advantages of stablecoin issuers.

Alexander Kriwoluzky

Head of Department in the Macroeconomics Department

Topics: Monetary policy

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