| Imprint: |
Bellaterra Departament d'Economia Aplicada 2020 |
| Description: |
12 pag. |
| Abstract: |
In this paper, the monetary-financial implications of two versions of Libra are analysed, i. e. Libra 1. 0 and Libra 2. 0. First, I briefly discuss how technological developments in monetary history have reshaped the payments landscape and how Libra is going to challenge the current bank-based ecosystem. Second, I identify some risks stemming from the current monetary-financial system and I review the Euro Area's regulatory framework to control these risks. Third, I assess how a wide acceptability of Libra's 1. 0 and 2. 0 could challenge the current monetary-financial structure and therefore the risks associated. Finally, I propose a Synthetic CBDC issuance, i. e. , a narrow banking approach, to limit the new risk associated with the introduction of Libra 2. 0. |
| Note: |
This collection includes a selection of research by students of the PhD Program in Applied Economics (UAB) and the Master of Applied Research in Economics and Business (MAREB) - specialization in Applied Economics. |
| Rights: |
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.  |
| Language: |
Anglès |
| Series: |
Working papers GEAR ; 2020-06 |
| Document: |
Working paper |
| Subject: |
Digital currency ;
Libra ;
Currency substitution ;
Bank disintermediation ;
Stablecoin |
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