Arbeitspapier
The international supply of reserve currency
This paper provides insights into the historical inefficiencies and instabilities of the international monetary system. These inefficiencies are primarily linked to the limited supply of international liquidity and wedges in various money-market rates. The instabilities encompass both macroeconomic and financial aspects, particularly focusing on the challenges of stabilizing inflation and economic activity. Innovations stemming from the competition of cryptocurrencies and the associated blockchain technology hold the potential for improving these outcomes.
- Sprache
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Englisch
- Erschienen in
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Series: Discussion Papers ; No. 23-13
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
-
Benigno, Pierpaolo
- Ereignis
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Veröffentlichung
- (wer)
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University of Bern, Department of Economics
- (wo)
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Bern
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Benigno, Pierpaolo
- University of Bern, Department of Economics
Entstanden
- 2023