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Digital currency economics and policy

Yeung, Bernard, (1953-)

Digital currency economics and policy

Record Type:	Electronic resources : Monograph/item
Title/Author:	Digital currency economics and policyeditor, Bernard Yeung.
other author:	Yeung, Bernard,
Published:	Singapore :World Scientific,c2021.
Description:	1 online resource (xxxi, 353 p.)
Subject:	Digital currency.
Online resource:	https://www.worldscientific.com/worldscibooks/10.1142/11922#t=toc
ISBN:	9789811223785$q(ebook)

Digital currency economics and policy
Digital currency economics and policy[electronic resource] /editor, Bernard Yeung. - 1st ed. - Singapore :World Scientific,c2021. - 1 online resource (xxxi, 353 p.)

Includes bibliographical references and index.

About the editor -- Opening statement proceedings / Edward Robinson and Bernard Yeung -- Opening remarks for the workshopon digital currency economics and policy, 15 nov 2018 / Edward Robinson -- From the curse of cash to the burden of digitization / Kenneth Rogof -- From commodity to fiat and now to crypto : what does history tell us? / Barry Eichengreen -- Back to the future with cryptocurrencies : comments on "From commodity to fiat and now to crypto: What does history tell us?" By barry eichengreen / Randall Morck -- Digital money : private versus public / Markus Brunnermeier and Dirk Niepelt -- Demand and supply : discussion of brunnermeier "Coexistence of private digital and central bank currencies" / Danny Quah -- Lessons for cryptocurrencies from foreign exchange markets / Charles Engel -- Comments on "The implications of digital currencies for monetary policy and the international monetary system" / Andrew K Rose -- Cellular structure for a digital fiat currency / Robleh Ali -- Cellular DFC design : technological perspectives / Prateek Saxena -- How do private digital currencies affect government policy? / Max Raskin, Fahad Saleh, and David Yermack -- Discussion on "How do private digital currencies affect government policy?" / Gur Huberman -- The practitioner's perspective / Agustín Carstens -- Initial coin offerings, corporate finance and financial regulation / Franklin Allen -- Initial coin offerings : what, why, how / Beatrice Weder di Mauro -- Conclusion / Bernard Yeung -- Index.

"Recent technological advancements, particularly the advent of distributed ledger, have made the development of private digital currencies possible. This raises some important questions: Whether private digital currencies can be considered "money" and their impact on monetary policy and the international monetary system; whether central banks should issue their own digital currencies and the impact of such actions; and the usage of the distributed ledger technology in the financial system. In November 2018, the Asian Bureau of Finance and Economic Research (ABFER), the Economic Policy Group (EPG) of the Monetary Authority of Singapore (MAS), and the National University of Singapore (NUS) Business School co-organised a two-day workshop on Digital Currency Economics and Policy to explore these issues. Leading academic researchers in monetary and financial economics offered valuable stimulating insights useful to practitioners, policymakers and academics in a non-technical manner. This volume is a collection of their work. This volume suggests that central banks will most likely issue digital currencies. There are many positive considerations. A central bank digital currency can generate useful information for the monetary authority, can enhance the effectiveness and flexibility of monetary policy, and may raise financial inclusion. Central bank digital currency, however, can have a significant impact on the banking and financial sector and could change a central bank's role in the economy. This volume also explains crucial differences between distributed ledger and centralized ledger, which is the basis of currency payment systems. Continuous innovations have made the distributed ledger technology more resilient, auditable and scalable, giving it far-reaching applications and potential contributions. For anyone who would like to gain a fundamental and comprehensive understanding of the impact of technology on our money and financial system and the future implications, this is a must-read volume"--Publisher's website.

Mode of access: World Wide Web.

ISBN: 9789811223785$q(ebook)Subjects--Topical Terms:

867514
Digital currency.

LC Class. No.: HG1710 / .D54 2021

Dewey Class. No.: 332.4

Digital currency economics and policy
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245 0 0 $a Digital currency economics and policy $h [electronic resource] / $c editor, Bernard Yeung.
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260 $a Singapore : $b World Scientific, $c c2021.
300 $a 1 online resource (xxxi, 353 p.)
504 $a Includes bibliographical references and index.
505 0 $a About the editor -- Opening statement proceedings / Edward Robinson and Bernard Yeung -- Opening remarks for the workshopon digital currency economics and policy, 15 nov 2018 / Edward Robinson -- From the curse of cash to the burden of digitization / Kenneth Rogof -- From commodity to fiat and now to crypto : what does history tell us? / Barry Eichengreen -- Back to the future with cryptocurrencies : comments on "From commodity to fiat and now to crypto: What does history tell us?" By barry eichengreen / Randall Morck -- Digital money : private versus public / Markus Brunnermeier and Dirk Niepelt -- Demand and supply : discussion of brunnermeier "Coexistence of private digital and central bank currencies" / Danny Quah -- Lessons for cryptocurrencies from foreign exchange markets / Charles Engel -- Comments on "The implications of digital currencies for monetary policy and the international monetary system" / Andrew K Rose -- Cellular structure for a digital fiat currency / Robleh Ali -- Cellular DFC design : technological perspectives / Prateek Saxena -- How do private digital currencies affect government policy? / Max Raskin, Fahad Saleh, and David Yermack -- Discussion on "How do private digital currencies affect government policy?" / Gur Huberman -- The practitioner's perspective / Agustín Carstens -- Initial coin offerings, corporate finance and financial regulation / Franklin Allen -- Initial coin offerings : what, why, how / Beatrice Weder di Mauro -- Conclusion / Bernard Yeung -- Index.
520 $a "Recent technological advancements, particularly the advent of distributed ledger, have made the development of private digital currencies possible. This raises some important questions: Whether private digital currencies can be considered "money" and their impact on monetary policy and the international monetary system; whether central banks should issue their own digital currencies and the impact of such actions; and the usage of the distributed ledger technology in the financial system. In November 2018, the Asian Bureau of Finance and Economic Research (ABFER), the Economic Policy Group (EPG) of the Monetary Authority of Singapore (MAS), and the National University of Singapore (NUS) Business School co-organised a two-day workshop on Digital Currency Economics and Policy to explore these issues. Leading academic researchers in monetary and financial economics offered valuable stimulating insights useful to practitioners, policymakers and academics in a non-technical manner. This volume is a collection of their work. This volume suggests that central banks will most likely issue digital currencies. There are many positive considerations. A central bank digital currency can generate useful information for the monetary authority, can enhance the effectiveness and flexibility of monetary policy, and may raise financial inclusion. Central bank digital currency, however, can have a significant impact on the banking and financial sector and could change a central bank's role in the economy. This volume also explains crucial differences between distributed ledger and centralized ledger, which is the basis of currency payment systems. Continuous innovations have made the distributed ledger technology more resilient, auditable and scalable, giving it far-reaching applications and potential contributions. For anyone who would like to gain a fundamental and comprehensive understanding of the impact of technology on our money and financial system and the future implications, this is a must-read volume"--Publisher's website.
538 $a Mode of access: World Wide Web.
538 $a System requirements: Adobe Acrobat Reader.
588 $a Description based on print version record.
650 0 $a Digital currency. $3 867514
700 1 $a Yeung, Bernard, $d 1953- $3 902602
856 4 0 $u https://www.worldscientific.com/worldscibooks/10.1142/11922#t=toc