Download This PaperThe Future of Money and its Implications for Society, Central Banks, and the International Monetary System
8 Pages Posted: 5 Jan 2023
Date Written: 2023
Abstract
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
IZA Institute of Labor Economics
P.O. Box 7240
Bonn, D-53072
Germany
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.