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- Title
Privatizing Cash: Currency and Public Goods in Sweden.
- Authors
Peebles, Gustav
- Abstract
Across the world, national currencies—public goods that emerged out of a previous era of currency proliferation—are now competing with private alternatives. As paper and coins fall into disuse, the seigniorage that helps to fund the circulation and regulation of currency diminishes, while their capacity to bind together states and citizens decreases in equal measure. The Swedish central bank's response to these threats, which includes issuing the world's first national digital currency, charts a course that all central banks must consider in the near future.
- Subjects
SWEDEN; PUBLIC goods; NATIONAL currencies; HARD currencies; ELECTRONIC money; COINS
- Publication
Accounting, Economics & Law, 2024, Vol 14, Issue 2, p201
- ISSN
2194-6051
- Publication type
Article
- DOI
10.1515/ael-2020-0087