The Monetary Turning Point (eBook)

From Bank Money to Central Bank Digital Currency (CBDC)

Joseph Huber (Autor)

eBook Download: PDF

2023 | 1st ed. 2023
XIII, 192 Seiten
Springer Nature Switzerland (Verlag)
978-3-031-23957-1 (ISBN)

Infos

The monetary system is at a turning point. The question is no longer if, but how soon countries will roll out a Central Bank Digital Currency (CBDC). This book discusses the recomposition of the money supply from the present bank money regime to a monetary system determined by CBDC. As the book sets out, the future of money is going to be digital and sovereign. Nonetheless, the relationship between the various types of money is competitive rather than being the peaceful coexistence that was officially envisaged. CBDC competes with the incumbent bank money as well as with private cryptocurrencies that are challenging both central-bank money as well as bank money. For technological and political reasons, bank money will not be able to emulate the superior properties of sovereign digital tokens. Uncovered and unwarranted cryptocurrencies, too, will not stand the competition in the long run. The shifts in the monetary system are changing the role of central banks in the interplay of monetary, fiscal and private-creditary functions and open up improved options for monetary policy. The book will be of interest to academics, researchers, and policymakers in monetary and financial economics, and digital currencies.

Joseph Huber is Professor Emeritus of Economic Sociology at Martin Luther University, Halle Wittenberg, Germany. He is a pioneer of what is now known as 'green ethical banking' and is one of the founders of ecological modernization theory. He has written extensively on monetary policy and reform topics, is a longstanding policy advisor on matters of economic and ecological modernization and is actively involved in the international movement for monetary reform.

Produkt-Details

• Erscheint lt. Verlag: 17.2.2023
• Zusatzinfo: XIII, 192 p. 1 illus.
• Sprache: englisch
• Original-Titel: Zeitenwende des Geldsystems: Vom Bankengeld zum digitalen Zentralbankgeld
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Central Bank Digital Currency • Central Banks • digital money • Dominant money • Future of Banking • Future of Money • monetary policy • money system • the dominant money paradigm • the taxonomy of money
• ISBN-10: 3-031-23957-1 / 3031239571
• ISBN-13: 978-3-031-23957-1 / 9783031239571