Monetary policy

Banking and new forms of money

With the announcement of Libra, Facebook and another 27 companies have put the debate about cryptocurrencies and the operation of existing payment systems back on the agenda. After the fall in the value of Bitcoin and doubts about its ability to function as money, many see stablecoins as an alternative with greater potential for adoption. If this is the case, the two «traditional» forms of money (cash and bank deposits) should face up to this new competition. In this article, we will discuss the competition between different forms of money,...

Monthly Report - DossierSandra Jódar-Rosell, Denis Nakagaki