International Monetary Arrangements for the Twenty-First Century: Monetary Democracy

Oleksandr Sharov ()
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Oleksandr Sharov: Institute for Economics and Forecasting

A chapter in The Geoeconomics of the International Monetary Order, 2025, pp 151-182 from Springer

Abstract: Abstract Money played an important role in the process of economic globalization (the author calls this influence Monetary Globalization), but globalization itself had a significant impact on money as an economic category. This influence has been particularly noticeable recently as Global Money has entered the agenda. At the same time, it is necessary to distinguish between possible options for the reign of Global Money as an economic category (gold, securities, and data money) and Global Currency as a specific form of such money (leading currency, world currency, and CBDC). The likelihood of choosing one of these options depends on many factors, the effect of which we will soon see.

Keywords: Globalization; Money; Currency; Gold; Cryptoassets; CBDC (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-90851-4_6

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DOI: 10.1007/978-3-031-90851-4_6

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