Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/206885 
Year of Publication: 
2019
Series/Report no.: 
ROME Discussion Paper Series No. 2019-09
Publisher: 
Research On Money in the Economy (ROME), s.l.
Abstract: 
The paper explores the precarious balance between modernizing monetary systems by means of digital currencies (either issued by the central bank itself or independently) and safeguarding financial stability as also ensured by tangible payment (and saving) instruments like paper money. Which aspects of modern payments systems could contribute to improve the way of functioning of today's globalized economy? And, which might even threaten the above mentioned instable equilibrium? This survey-paper aims, precisely, at giving some preliminary answers to a complex - therefore, ongoing - debate at scientific as well as banking and political level.
Subjects: 
cash
central banks
cryptocurrencies
digital currencies
monetary systems
JEL: 
E4
E5
G21
G23
Document Type: 
Working Paper

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