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The next generation of digital currencies: in search of stability

Gregory Claeys, Maria Demertzis, (2019), «The next generation of digital currencies: in search of stability», Brugel, 2 Δεκεμβρίου

Four major developments have challenged the status quo and reopened the debate on the forms that money will take in the future: 1) use of cash as a medium of exchange has declined; 2) distributed ledger technology (DLT) has led to the emergence of thousands of digital cryptocurrencies; 3) some global tech giants are planning to provide private digital currencies to their billions of users in the form of stablecoins; and 4) in turn, public authorities are thinking about providing their own digital currencies to the general public.

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