CENTRAL BANK DIGITAL CURRENCY AS NEW PUBLIC MONEY
This article explores the concept of central bank digital currency (CBDC) and its implications for individual economic rights. It argues that CBDC weakens the bundle of rights individuals have with traditional forms of public money. The article examines the economic function of money and its legal f...
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| Veröffentlicht in: | University of Pennsylvania law review 2023-12, Vol.172 (1), p.151 |
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| creator | Skinner, Christina Parajon |
| description | This article explores the concept of central bank digital currency (CBDC) and its implications for individual economic rights. It argues that CBDC weakens the bundle of rights individuals have with traditional forms of public money. The article examines the economic function of money and its legal framework, highlighting the role of the state in supporting and regulating money. It discusses the different forms of money, including physical currency and bank-issued money, and how they are transferred and store value. The article also explores the implications of CBDC for the Federal Reserve's independence, the power of the presidency over money, and international monetary law. It concludes by emphasizing the need for a public conversation and legal guidance on the implementation of CBDC to protect individual rights. |
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| fulltext | fulltext |
| identifier | ISSN: 0041-9907 |
| ispartof | University of Pennsylvania law review, 2023-12, Vol.172 (1), p.151 |
| issn | 0041-9907 1942-8537 |
| language | eng |
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| source | EZB-FREE-00999 freely available EZB journals; HeinOnline Law Journal Library; EBSCOhost Business Source Complete |
| subjects | Banking industry Central bank digital currencies Central banks Crypto-currencies Economic aspects Laws, regulations and rules Monetary policy Money Powers and duties Privacy, Right of Public finance Right of property Sovereignty |
| title | CENTRAL BANK DIGITAL CURRENCY AS NEW PUBLIC MONEY |
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