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Core Points for Introduction

In: The Monetary Turning Point

Author

Listed:
  • Joseph Huber

Abstract

The monetary system is at a turning point. The hitherto dominant type of money, bank deposit money, has past its zenith, while new types of digital money are on the rise, competing for becoming the next dominant type of money, that is, the prevailing means of payment that determine the functioning of the monetary system. Rising competitors include first of all Central Bank Digital Currency (CBDC), in addition also unbacked cryptocurrencies of lesser prospects. Covered cryptocurrencies, so-called stablecoins, can put additional pressure on bank deposit money, not however on central-bank money. The recomposition of the money supply has repercussions on the role of central banks and monetary policy.

Suggested Citation

  • Joseph Huber, 2023. "Core Points for Introduction," Springer Books, in: The Monetary Turning Point, chapter 0, pages 1-7, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-23957-1_1
    DOI: 10.1007/978-3-031-23957-1_1
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