The Future of Money and its Implications for Society, Central Banks, and the International Monetary System
8 Pages Posted: 5 Jan 2023
Date Written: 2023
This new wave of financial innovations has broad implications for society, banking, and central banking: Digital platforms can ease entry for financial services providers, increase transactional efficiency, and widen access to and participation in the financial system. They could also decrease the use of cash and alter the U.S. dollar's role as today's vehicle currency.
Keywords: money, financial technology
JEL Classification: E42, E44, E50, E58, E59, G21, G23, G28, G34
Suggested Citation: Suggested Citation
Prasad, Eswar S., The Future of Money and its Implications for Society, Central Banks, and the International Monetary System (2023). Federal Reserve Bank of St. Louis REVIEW, Available at SSRN: https://ssrn.com/abstract=4318248
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