Digital Money Across Borders: Macro-Financial Implications

October 19, 2020

Preview Citation

Format: Chicago

Digital Money Across Borders: Macro-Financial Implications, (USA: International Monetary Fund, 2020) accessed July 10, 2025

Summary

Rapid ongoing progress with digital technologies has increased the prospects for adoption of new forms of digital money for both domestic and international transactions. These include central bank digital currencies (CBDCs) and the so-called global stable coins (GSCs) proposed by large technological companies or platforms. This paper explores the complex interactions between the incentives to adopt and use CBDCs and GSCs across borders and discusses the potential macro-financial effects.

Subject: Central Bank digital currencies, Currencies, Digital currencies, Digital wallets, Dollarization, Monetary policy, Money, Technology

Keywords: CBDC issuer, Central Bank digital currencies, Currencies, Currency competition, Digital currencies, Digital wallets, Dollarization, Fiat currency, Financial system, Foreign currency, Global, GSC adoption, Medium of exchange, PP, Transaction costs, U.S. dollar, Unit of account

Publication Details

Pages:

49
Volume:

---
DOI:

---
Issue:

---
Series:

Policy Paper No. 2020/050
Stock No:

PPEA2020050
ISBN:

9781513559209
ISSN:

2663-3493

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Policy Papers