Central Bank Digital Currency
A Technical, Legal and Economic Analysis
Springer Nature Switzerland
ISBN 978-3-031-44740-2
Standardpreis
Bibliografische Daten
Fachbuch
Buch. Softcover
2024
Bibliographien.
In englischer Sprache
Umfang: 232 S.
Format (B x L): 15.5 x 23.5 cm
Gewicht: 359
Verlag: Springer Nature Switzerland
ISBN: 978-3-031-44740-2
Produktbeschreibung
The book introduces a basic understanding of innovative technologies such as the distributed ledger technology. It shows how a system of money can be created and what roles each participant has. Taking an economic point of view, the book demonstrates the monetary policy in the euro area and examines how a digital version of public money could affect the transmission mechanism as well as the financial stability. Could CBDC lead to a "digital bank run"? Could it replace the established financial intermediaries such as banks? What would that mean to the economy?
Mainly, the book focuses on the legal issues of CBDC. Which is the competent institution for establishing digital public money? Will digital money change the way of how we handle financial data? Also, the book examines the legal usability of CBDC in the economy. How can digital money based on innovative technologies be transferred in accordance with the law? Can a debtor of a monetary claim flee into the digital currency?
This book addresses the public and private sector participants as well as the legislators on how to handle CBDC. Most important, the book addresses everyone interested in digitisation and innovative financial technology who wants to gain a deeper understanding of the next big evolvement of money.
Autorinnen und Autoren
Kundeninformationen
Includes in-depth analyses on civil law nature of digital assets Provides a comprehensive review on the use of digital public money in monetary policy Provides background information to the rapidly expanding field of financial technology
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