Central Bank Digital Currency: the Next Money Revolution? : Central Bank Digital Currencies in the Dimension of Geopolitics
  • Metaadatok
Tartalom: http://real.mtak.hu/158671/
Archívum: REAL
Gyűjtemény: Status = Published
Subject = H Social Sciences / társadalomtudományok: HG Finance / pénzügy: HG1 Banking / bankügy
Subject = J Political Science / politológia: JZ International relations / nemzetközi kapcsolatok, világpolitika
Type = Article
Subject = Z Bibliography. Library Science. Information Resources / könyvtártudomány: Z701.3.D54 Digitalisation/ICT and cultural heritage / Digitalizálás, ICT és kulturális örökség
Cím:
Central Bank Digital Currency: the Next Money Revolution? : Central Bank Digital Currencies in the Dimension of Geopolitics
Létrehozó:
Boros, Eszter
Horváth, Marcell
Kiadó:
Állami Számvevőszék
Dátum:
2022
Téma:
HG1 Banking / bankügy
JZ International relations / nemzetközi kapcsolatok, világpolitika
Z701.3.D54 Digitalisation/ICT and cultural heritage / Digitalizálás, ICT és kulturális örökség
Tartalmi leírás:
Throughout history, financial innovation was always interlinked with shifts in the word’s economic centre of gravity and the emergence of new power hubs. Nowadays, the huge interest in central bank digital currencies proves that we must have arrived at a new turning point in the development of money. Most studies, however, focus on financial issues related to CBDCs, and only few embark on discussing historical analogies and geopolitical consequences in a comprehensive way. Our study aims to deliver such an analysis. According to the results, the revolutionary effects of CBDCs might arise from re-modelling cross-border payments, i.e., achieving direct (atomic) transactions through multilateral platforms. The remarkable results of China in developing the digital yuan, and most importantly, acquiring a key role in international projects, reinforce the geopolitical trends of the last decade. Global or regional standard-setting will be a critical question, and in this regard, there is still some room for manoeuvre on the side of the U.S. which started its own CBDC development (Project Hamilton) belatedly. In the long run, it might be realistic to expect a scenario in which the global financial system is divided in two parts, a Western and an Eastern one.
Nyelv:
angol
Típus:
Article
PeerReviewed
info:eu-repo/semantics/article
Formátum:
text
Azonosító:
Boros, Eszter and Horváth, Marcell (2022) Central Bank Digital Currency: the Next Money Revolution? : Central Bank Digital Currencies in the Dimension of Geopolitics. PÉNZÜGYI SZEMLE/PUBLIC FINANCE QUARTERLY, 67 (4). pp. 506-521. ISSN 0031-496X
Kapcsolat:
MTMT:33597336 10.35551/PFQ_2022_4_2