Coronavirus: Case for Digital Money?
General Finance
2020-05-21 v1
Abstract
We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy recommendations for adapting mobile devices as new digital wallets, regulatory oversight of sovereign digital currencies and user data protection, and a supranational digital iCurrency for facilitating international digital monetary linkages.
Cite
@article{arxiv.2005.10154,
title = {Coronavirus: Case for Digital Money?},
author = {Zura Kakushadze and Jim Kyung-Soo Liew},
journal= {arXiv preprint arXiv:2005.10154},
year = {2020}
}
Comments
12 pages