The Development of Digital Currency in China and Its Impact on International Trade

Anastasia Anatolyevna Baboshkina
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Anastasia Anatolyevna Baboshkina: MGIMO-University, Moscow, Russia

Russian Foreign Economic Journal, 2025, issue 7, 51-66

Abstract: The global economy has experienced significant upheavals over the past few years. With the development of new payment methods and the growth of crypto assets, digital currencies issued by private banks and even central banks have emerged in the global economy. This process was driven both by progress in the application of digital technologies and by the widespread demand for new international payment opportunities. The use of digital currencies has developed rapidly in many countries and in the trade of goods and services on the global market.

Keywords: banks; digital currencies; blockchain; payments; international trade; retail; currency transfers (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_07_57-66

DOI: 10.24412/2072-8042-2025-7-57-66

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