العملات الرقمية والسياسة المالية في الحقبة الجديدة

Year 2022, Volume: 11 Issue: 4, 109 - 138, 01.10.2022

Bilal Bağış

https://doi.org/10.36360/1560-011-004-006

Abstract

بُنيَ الهيكل المالي القديم والنظام المالي الحديث على أساس العملات المادية، ويمثل التغيير في الأدوات حلًّا مؤسسيًّا لعدد من الألغاز الحديثة. بعد الأزمة المالية العالمية في 2008-2010 وجائحة كورونا في عام 2020 أعربت بنوك عديدة، منها بنوك مركزية، عن اهتمامها بإدخال العملات الرقمية إلى جانب إدخال العملات المشفرة الجديدة كليًّا والعملات المعدنية المستقرة. ومن ثَمّ، فإن مميزات عملات البنك المركزي الرقمية الجديدة وعيوبها- من أحدث الموضوعات التي هي محل النقاش الموسع. كما يتوقع أيضا أن تسهم تلك العملات في دعم الاستقرار المالي ورفع كفاءة السياسة المالية. فالبنوك المركزية ستزيد من سلطاتها على العرض المالي والتحكم فيه معزِّزة مكاناتها وسلطتها المركزية داخل النظام المالي.

Keywords

العملات المشفرة, العملات الرقمية, عملات البنك المركزي الرقمية, السياسة المالية

Digital Currencies and Monetary Policy in the New Era

Abstract

The centuries-old financial structure and the modern financial system are built on physical currencies. An institutional solution to many modern puzzles is about the instrument change. After the global financial crisis of 2008-2009 and the COVID-19 pandemic of 2020, along with the introduction of all-new cryptocurrencies and stable coins, even many central banks have voiced an interest in the introduction of digital currencies. Hence, the pros and cons of the new central bank digital currencies (CBDC)are the newest widely discussed topic. (CBDC)should also contribute to financial stability and increase monetary policy efficacy. Central banks will once more gain greater power over the money supply and its control, reinforcing their position and central power within the financial system.

Keywords

Cryptocurrency, Digital Currency, CBDC, Monetary Policy, Block chain

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