Broad adoption of stablecoins could weaken monetary policy transmission and potentially erode monetary sovereignty, a working paper released by the European Central Bank said on Tuesday. The paper ...

Erik Voorhees in Miami. As discussed in this article, separating money and state opens the door to parallel monetary systems, raising a fundamental question of sovereignty: should control over money ...

Widespread use of U.S. dollar-denominated stablecoins in the European Union (EU) for payments or settlement could damage the European Central Bank's control over monetary conditions, an ECB adviser ...

Discover Modern Monetary Theory (MMT), a macroeconomic theory of government spending and debt management. Explore its ...

Few words spark more anxiety in public debate than "national debt" and "government deficit." National debt is the total amount of money the government owes, accumulated over years of running deficits.

The development of payment infrastructure in emerging-market economies (EMEs) -- from instant payment systems in retail markets to wholesale central bank digital currencies (CBDCs) for cross-border ...

Potential successor to Jerome Powell may pursue policies that pressure US dollar-driven assets and curb global liquidity, analysts say.

A BIS (Bank for International Settlements) research report warns that the "dollar hegemony" of stablecoins, which is far more entrenched than in the real world, could erode the economic sovereignty of ...

European lawmakers endorsed the ECB’s digital euro plans as a way to shore up the bloc’s monetary sovereignty, while reiterating that the central bank must remain independent. The European Parliament ...

A Reserve Bank-backed digital currency is necessary to ensure New Zealand retains its monetary sovereignty, one Otago University expert says. Dr Murat Ungor and his former Master's student Jack Buchan ...

South Korea is actively laying the groundwork for its digital currency future. The Bank of Korea recently proposed the creation of “deposit tokens”—stablecoins backed by the Korean won and issued in ...