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Privatizing Cash: Currency and Public Goods in Sweden

Author

Listed:
  • Peebles Gustav

    (Department of Global Studies, The New School, 66 West 12th Street, New York, NY 10011-8603, USA)

Abstract

Across the world, national currencies—public goods that emerged out of a previous era of currency proliferation—are now competing with private alternatives. As paper and coins fall into disuse, the seigniorage that helps to fund the circulation and regulation of currency diminishes, while their capacity to bind together states and citizens decreases in equal measure. The Swedish central bank’s response to these threats, which includes issuing the world’s first national digital currency, charts a course that all central banks must consider in the near future.

Suggested Citation

  • Peebles Gustav, 2024. "Privatizing Cash: Currency and Public Goods in Sweden," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 14(2), pages 201-211, May.
    • Handle: RePEc:bpj:aelcon:v:14:y:2024:i:2:p:201-211:n:3
    DOI: 10.1515/ael-2020-0087
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    More about this item

    Keywords

    digital money; public goods; cashlessness;
    All these keywords.

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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