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- W4200431908 abstract "This article provides a detailed introduction to China's launching of a digital currency. We conduct a comparative analysis concerning whether digital currency is a more stable and reliable currency than cryptocurrency and investigate whether a digital renminbi (or yuan) could replace the US dollar as a medium of exchange in international transactions. China has gained a first-mover advantage by rolling out a central bank digital currency (CBDC). But the outcome will depend on the US response as well as the future evolution of the US and Chinese economies. Most other articles on this topic focus on domestic use of the Chinese CBDC. But this study is unique in analyzing the prospects of a digital renminbi as a replacement for the US dollar in international commerce." @default.
- W4200431908 created "2021-12-31" @default.
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- W4200431908 date "2022-01-01" @default.
- W4200431908 modified "2023-09-30" @default.
- W4200431908 title "China's transition to a digital currency does it threaten dollarization?" @default.
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- W4200431908 doi "https://doi.org/10.1016/j.aglobe.2021.100023" @default.
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