The Rise of Public and Private Digital Money: A Strategy to Continue Delivering on The IMF’s Mandate

July 29, 2021

Preview Citation

Format: Chicago

The Rise of Public and Private Digital Money: A Strategy to Continue Delivering on The IMF’s Mandate, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

Following the companion paper on the new policy challenges related to the adoption of digital forms of money, this paper presents an operational strategy for the IMF to continue delivering on its mandate of ensuring domestic and international financial and economic stability. The paper begins by summarizing the forces driving the adoption of digital forms of money, and the new policy questions that emerge. It then focusses on how the IMF’s core activities and output will need to evolve, including surveillance, capacity development, and analytical foundations. It ends by discusses how the IMF intends to partner with other organization, and to grow and structure internal resources to fulfill this vision.

Subject: Central Bank digital currencies, Digital currencies, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, International monetary system, Monetary policy, Money, Political economy, Technology

Keywords: Central Bank digital currencies, Core activity, Digital currencies, Digital money adoption, Financial Sector Assessment Program, Financial sector stability, Global, IMF surveillance, IMF's mandate, International monetary system, Policy question

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2021/055
Stock No:

PPEA2021055
ISBN:

9781513592039
ISSN:

2663-3493

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