Introduction

Leon V. Schumacher ()

Chapter Chapter 1 in Decoding Digital Assets, 2024, pp 1-5 from Springer

Abstract: Summary This chapter outlines the backdrop of recurring financial crises and growing economic disparity, exemplified by major bank collapses in 2008 and 2023. It discusses the challenges in financial safeguards, increasing money laundering, declining cash usage, and the rise of costly private payment solutions. The book then shifts to explore the emergence of digital currencies, especially post-Bitcoin, and the global interest in Central Bank Digital Currencies (CBDCs) as a response. Aimed at a broad audience, the book simplifies complex topics like cryptocurrencies and CBDCs, intending to provide comprehensive insights into their potential to address these contemporary financial issues.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-54601-3_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031546013

DOI: 10.1007/978-3-031-54601-3_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().