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dc.contributor.authorDow, Sheilaen_UK
dc.description.abstractThe modern debate about monetary reform has taken on a new twist with the development of private digital currencies employing distributed ledger payments technology. In order to consider the appropriate state response, we go back to first principles of money and finance and the case for financial regulation: to ensure provision of a safe money asset and a stable supply of credit within an inherently unstable financial system. We consider calls to privatize money or to restrict money issue to the state against the background of the increasing marketization of the financial sector and money itself. Following an analysis of private digital currencies, we then consider proposals for state issue of digital currency. It is concluded that the focus of attention should instead be on updating of regulation, not only to encompass digital currencies but also to address other innovations in the financial sector that generate credit and liquidity, in order to meet the needs of the real economy.en_UK
dc.publisherInforma UK Limiteden_UK
dc.relationDow S (2019) Monetary Reform, Central Banks, and Digital Currencies. International Journal of Political Economy, 48 (2), pp. 153-173.
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.subjectdigital currenciesen_UK
dc.subjectcentral banksen_UK
dc.subjectfinancial instabilityen_UK
dc.subjectfinancial regulationen_UK
dc.titleMonetary Reform, Central Banks, and Digital Currenciesen_UK
dc.typeJournal Articleen_UK
dc.rights.embargoreason[Monetary Reform Central Banks and Digital Currencies.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.citation.jtitleInternational Journal of Political Economyen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.description.refREF Eligible with Permitted Exceptionen_UK
Appears in Collections:Economics Journal Articles

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