The Future of Money and Its Implications for Society, Central Banks, and the International Monetary System

Eswar Prasad

Review, 2023, vol. 105, issue 1, 8 pages

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 (search for similar items in EconPapers)
JEL-codes: E42 E44 E50 E58 E59 G21 G23 G28 G34 (search for similar items in EconPapers)
Date: 2023
Note: This article is based on the Homer Jones Memorial Lecture delivered at the Federal Reserve Bank of St. Louis, October 19, 2022.
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:95432

DOI: 10.20955/r.105.1-8

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