The future monetary system

⚠ The summary and findings below are the editor's working notes, pending verification against the source.

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

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Key findings

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

Topics: Design & Economics · Payments & Settlement · Regulation & Policy

Cite this

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

@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},
}

Indexed by Stablecoin Beat — we link to and summarise sources; we do not host copyrighted full text, and summaries are our own.  ·  All research  ·  Methodology