The future monetary system

Bank for International Settlements · BIS Annual Economic Report 2022, Chapter III · Bank for International Settlements

The BIS's vision of a future monetary system, assessing stablecoins and crypto against a central-bank-money core.

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Relevance to stablecoin measurement

The definitive central-bank critique of stablecoins as money; regulation/design coverage.

Key findings

Argues stablecoins piggyback on the credibility of central-bank money and can fragment the monetary system.
Positions CBDCs and tokenized central-bank money as the preferred foundation.

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Cite this

Bank for International Settlements (2022). The future monetary system BIS Annual Economic Report 2022, Chapter III.

BibTeX

@techreport{bis2022futuremonetarysystem,
  title = {The future monetary system},
  author = {Bank for International Settlements},
  year = {2022},
  institution = {Bank for International Settlements},
  howpublished = {BIS Annual Economic Report 2022, Chapter III},
  url = {https://www.bis.org/publ/arpdf/ar2022e3.htm},
  note = {Indexed by Stablecoin Beat},
}

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