Privatizing Cash: Currency and Public Goods in Sweden

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 capa...

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Veröffentlicht in:Accounting, economics, and law economics, and law, 2024-05, Vol.14 (2), p.201-211
1. Verfasser: Peebles, Gustav
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description 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.
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source De Gruyter journals
subjects Banking industry
cashlessness
Central banks
Citizens
Currency
Digital currencies
digital money
Privatization
Public good
public goods
Z13
title Privatizing Cash: Currency and Public Goods in Sweden
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