1. bookTom 11 (2022): Zeszyt 2 (May 2022)
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2336-9205
Pierwsze wydanie
11 Mar 2014
Częstotliwość wydawania
3 razy w roku
Języki
Angielski
access type Otwarty dostęp

The Model of a Shared Interest Rate for a Group of Countries to Circulate a Digital Currency: Featuring the BRICS

Data publikacji: 30 Apr 2022
Tom & Zeszyt: Tom 11 (2022) - Zeszyt 2 (May 2022)
Zakres stron: 187 - 208
Otrzymano: 15 Nov 2020
Przyjęty: 01 Jun 2021
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2336-9205
Pierwsze wydanie
11 Mar 2014
Częstotliwość wydawania
3 razy w roku
Języki
Angielski
Abstract

The purpose of the research is to offer a comparative analysis of a libertarian and gradual approach to introducing a market interest rate. The topic is time-relevant since the economies of the emerging markets today face difficult challenges posed by economic, financial and health-care crises, impending price stability, future growth and money market equilibrium. A digital currency is a special issue today due to the outbreak of covid-19, which has made many central banks think about contactless means of payment. The author revealed policy tools to circulate a hypothetical digital currency for the BRICS, including a shared interest rate and the quantity of digital money in circulation needed for the penta-lateral use. The theoretical significance is that the research tries to lay the foundation for a model to launch a virtual regional money market for the countries of the BRICS as well as their partners in wider parts of Europe and Asia. In practical terms, the article recommends a number of tools for monetary policy to deal with the coronavirus crisis of 2020.

Keywords

JEL Classification

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