Coronavirus: Case for Digital Money?

Zura Kakushadze and Jim Kyung-Soo Liew

Papers from arXiv.org

Abstract: We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy recommendations for adapting mobile devices as new digital wallets, regulatory oversight of sovereign digital currencies and user data protection, and a supranational digital iCurrency for facilitating international digital monetary linkages.

Date: 2020-05
New Economics Papers: this item is included in nep-cba, nep-mon and nep-pay
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Citations: View citations in EconPapers (3)

Published in World Economics 21(1) (2020) 177-190

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2005.10154

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