Digital Currency
A global digital currency to rule them all? A monetary-financial view of the Facebook's LIBRA for the Euro area
... global digital currency or not matters from a policy-making ...of currency substitution could materialise and the EA’s monetary sovereignty could be ...foreign currency and will have no need ...
15
The relative importance of competition to contagion: evidence from the digital currency market
... This study also relates to the spillover and co-movement literature. Co-movements have been documented in a number of markets such as S&P 500 stocks, international equity markets, all common stock lists (e.g., NYSE, ...
19
The UK Digital Currency Association s response to HM Treasury s Digital Currencies : Call for Information
... regulate digital currency itself using existing laws is ...Conceptualising digital currency as a Specified Investment under FSMA/MiFID means sellers of digital currencies will need to ...
46
Settlement of cross border transactions through Central Bank Digital Currency (CBDC) : analysis from a risk management perspective
... bank-issued digital currencies are comparable, but generally lower due to the moderating effect of central bank ...the digital currency and operates the ...permissionless digital currencies ...
125
Dynamism and mechanism of digital currency (cryptocurrency) towards Islamic finance
... this digital currency’s application enhance the financial market risks associated with funding for terrorism (Irwin & Milad, 2016), security of asset, capital control, hedge and many others along with erupting ...
9
HANDBOOK OF DIGITAL CURRENCY Bitcoin, Innovation, Financial Instruments, and Big Data [2015] pdf
... on digital currency with special emphasis on ...of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data” was chosen to convey the idea that the focus is on Bitcoin, ...
613
Central bank digital currency and monetary policy: a literature review
... bank digital currency, a digital version of ...bank digital currency are very ...bank digital currency can have an impact on central bank interest rate setting, monetary ...
12
THE IMPACT OF TECHNOLOGICAL CHANGE (DIGITAL CURRENCY) ON TRADITIONAL BANKING
... could help revolutionize fields beyond finance that provides a new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries (Lagarde 2018). Interestingly, ...
15
Implementing a Central Bank Issued Digital Currency with Economic Implications Considerations
... proposed digital currency bears semblance to cash (being universal and anonymous) in some ways “but with the special feature of possibly being interest-bearing” (Cerqueira et ...interest-bearing ...
24
Blockchain and Digital Currency in the World of Finance
... use digital currency and money transmit- ...in digital currencies has emerged as one of the preferred payment methods because it provides anonymity and ...text, digital currency was ...
19
Some Economics of Private Digital Currency
... In our analysis, however, we have not considered Bitcoin, which is a fully convertible, pure digital currency not associated with a given platform. It is explicitly designed to compete with state ...
30
Central bank digital currency (CBDC) : an explorative study on its impact and implications for monetary policy and the banking sector
... A CBDC would most likely be a complement to physical cash before it ultimately led to the obsolescence of notes and coins in the future. However, cash does offer a couple of things that a CBDC will likely never be able ...
120
BITCOINS- FUTURE CURRENCY
... Bitcoin (BTC) is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. ...
8
Indian currency and sustainable solutions to the currency Notes with Enhanced Security Features
... More and more use of digital currencies like credit and debit card should be encouraged. Many countries in the world are heading towards cashless currency system. Sweden has already declared itself as ...
9
The Optimum Currency Area Is the Euro Zone an Optimum Currency Area?
... optimum currency area, mainly due to the reduced mobility of the “work force” ...optimum currency space, Mundell, is one of the fervent supporters of the idea of European monetary ...
8
Pricing currency risk : facts and puzzles from currency boards
... In the case of Hong Kong, the average forward discount is 58 basis points, while the average difference between local interbank rates and LIBOR rates is 39, despite the [r] ...
82
Pricing Foreign Currency and Cross-Currency Options Under GARCH
... The two systems under the data generating probability measure P, i.e., (1) and (4), are jointly estimated using daily data for the Nikkei 225 index and the U.S. dollar/Yen exchange rate covering the period from January ...
26
Pricing Foreign Currency and Cross-Currency Options Under GARCH
... To date, there has been no known literature which incorporates GARCH into the pricing of cross-currency options, or options on foreign assets. Existing studies on cross-currency options all assume lognormal ...
26
Is the ‘EURO’ a Defunct Currency?
... Following a period of diminished research interest, the introduction of the European single currency in 1999 paved the way for what some commentators see as the renaissance of the OCA debate (Dellas and Tavlas, ...
8
Vehicle currency
... vehicle currency in avoiding transactions costs of trade are clear, they also introduce an asymmetry into the international monetary system by giving a central role to one ...that currency an advantage, ...
44