... cartel-type financial intermediation. Now, to examine these two features in more detail.
Credit-Based Money
Aleksei Kuznetsov:
World Finance in an Era of Trade Wars
Formally, the U.S. dollar was recognized as global money at the intergovernmental level in 1944.... ... control. Evidence of such intentions can be seen in the current investments made by system-forming U.S. banks not so much in cryptocurrencies themselves as in the
blockchain ecosystems
associated with them, such as
Axoni, Metamask, Coinmetrics, Chainalysis,...
... exchange reserves and deny borrowers access to international debt and equity financing.
Fifth
, the digitalization of global finance. The rise of financial technology (Fintech) is increasing tensions in international settlements rather than easing them.... ... increasingly difficult. In this regard, participants in international transactions are actively exploring the potential of using cryptocurrencies to make secure payments. Cryptocurrencies undoubtedly offer an interesting avenue for developing a decentralized ...
... instrumental in fine-tuning the country’s macroeconomic policy mix.
Another potential area is the discussion of issues concerning the crypto sector at the global level in fora such as the G20. In 2023 India holds the chairmanship in the G20 forum and its Finance Minister Nirmala Sitharaman has already declared that the issue of the regulation of crypto assets is going to be one of the presidency’s priorities. G20’s work on the crypto market regulation is likely to be conducted mostly along the Finance ...
