Macro-Financial Impacts of Foreign Digital Money /

Macro-Financial Impacts of Foreign Digital Money /

We develop a two-country New Keynesian model with endogenous currency substitution and financial frictions to examine the impact on a small developing economy of a stablecoin issued in a large foreign economy. The stablecoin provides households in the domestic economy with liquidity services and an...

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Bibliographic Details
Main Author: Le, Anh
Other Authors: Copestake, Alexander, Peiris, Shanaka, Rawat, Umang, Tan, Brandon
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2023
Series:IMF Working Papers; Working Paper ; No. 2023/249
IMF eLibrary
Subjects:
Bonds
Central Bank digital currencies
Currencies
Currency crises
Distributed ledgers
Economic & financial crises & disasters
Economics of specific sectors
Economics
Economics: General
Financial Instruments
Financial institutions
Financial services industry
Foreign Exchange
General Financial Markets: General (includes Measurement and Data)
General Financial Markets: Government Policy and Regulation
Government and the Monetary System
Industries: Financial Services
Informal sector
Institutional Investors
International Finance: General
International Financial Markets
Investment & securities
Investments: Bonds
Macroeconomics
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Monetary Systems
Monetary economics
Money and Monetary Policy
Money
Non-bank Financial Institutions
Payment Systems
Pension Funds
Regimes
Standards
Technological innovations
Technology
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