Monetary System 2.0: Hybrid credit notes, a novel inclusive digital monetary instrument for central banks, asset managers and emerging green value chains

Derek Queisser de Stockalper

MPRA Paper from University Library of Munich, Germany

Abstract: Description of a post-modern implied monetary system – or Monetary System 2.0 - enabled in one embodiment by a Central Bank's permissioned distributed ledger technology (“DLTs”) architecture trading a novel digital hybrid credit note instrument or token. This novel monetary instrument could over time help rebalance some of our modern fiat currency system’s resource allocation imbalances leading to material economic, environmental, and social benefits for the agents of the system.

Keywords: A; Perspective; on; Distributed; Ledger; Technology; /; Blockchain; /; Smart; Contracts; /; IOUs; /; Letter; of; Credit; /; Peer-to-Peer; Platforms; /; Digital; Contractual; Envelopes; /; Crypto; Currencies; /; Bitcoin; /; Ethereum; /; Ripple; /; LIBRA; /; Digital; Currencies; /; Smart; Contract; /; Hybrid; Reciprocity; /; Hybrid; Credit; Note; /; eco; note™; /; Meta-transactional; Platform; /; Decentralized; Holding; Authority; /; Central; Trusting; Authority; /; Central; Political; Authority; /; Hybrid; Reciprocity; /; Value; Chain; /; Central; Banks; /; Asset; Managers; /; Emerging; Economies; /; Frontier; Economies; /; Impact (search for similar items in EconPapers)
JEL-codes: O3 O30 O31 O35 (search for similar items in EconPapers)
Date: 2017-09-17
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