Five Digital Currency Questions for 2020
Part 2 - Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy
Today’s FNA Talk is dedicated to one of the most prominent FinTech themes of 2020. Together with Daniel Heller from Fnality International we discuss Digital Currencies and their impact and implications. In the second part of the episode, we focus on the Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy.
00:00 – Introduction
01:31 – What will digital currencies mean for the use of cash?
03:54 – Which traditional cash related risks can digital currencies help to solve?
06:33 – What will be the implications of digital currencies for financial stability?
09:14 – In what ways will the existing regulatory and supervisory procedures need to change?
10:38 - How will digital currencies impact formulation and implementation of monetary policy?
14:05 - Can the Libras (digital currencies issued by the BigTechs like Facebook) challenge central banks’ monopoly over monetary policy?