Digital money could strain global financial safety net – IMF paper

Economies with existing vulnerabilities are more exposed to impact of digital money, authors say

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

Public and private forms of digital money could put new strains on the global financial safety net, research published by the International Monetary Fund warns.

The study sets out “preliminary considerations” for the global financial system in the event that digital money, or DM, is widely adopted. The IMF researchers define DM as public forms of money such as central bank digital currency (CBDC), and private forms such as crypto assets and stablecoins.

All these forms of money could threaten

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