العملات الرقمية و السياسة المالية في الحقبة الجديدة

الملخص EN

The centuries-old financial structure and the modern financial system are built on physical currencies.

An institutional solution to many modern puzzles is about the instrument change.

After the global financial crisis of 2008-2009 and the COVID-19 pandemic of 2020, along with the introduction of all-new cryptocurrencies and stable coins, even many central banks have voiced an interest in the introduction of digital cur rencies.

Hence, the pros and cons of the new central bank digital currencies (CBDC)are the newest widely discussed topic.

(CBDC)should also contribute to financial stability and increase monetary policy efficacy, Central banks will once more gain greater power over the money supply and its control, reinforcing their position and central power within the financial system.