Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/206404 
Autor:innen: 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences No. 11-2019
Verlag: 
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften, Stuttgart
Zusammenfassung: 
The objective of this discussion paper is to explore the consequences for monetary policy from the establishment of an international digital currency modeled like Libra. For this purpose, a basic assessment of the behavior of economic agents is conducted and possible conflicts with monetary policy are analyzed. Furthermore, a simple approach is developed to estimate the nature and extent of vulnerability for 42 currencies. The results suggest that currencies from developing countries and from developed nations are vulnerable in different ways. In the end, a stronger convergence of central bank policies could result. Thus, the introduction of an international digital currency represents a turning point for monetary policy.
Schlagwörter: 
monetary policy
digital currency
blockchain
effective lower bound
JEL: 
E42
E52
E58
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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