Dollar Hegemony Under Challenge and the Rise of Central Bank Digital Currencies (CBDC): A New Form of World Money?

Gustavo Moura De Cavalcanti MELLO*, Paulo NAKATANI, Erebus WONG

*Corresponding author for this work

Research output: Book Chapters | Papers in Conference ProceedingsBook Chapterpeer-review

Abstract

This chapter is dedicated to study the prospects for maintaining the dollar as the world money in a world with the emergence of private and state cryptocurrencies. The main objective is to understand the differences between digital currencies, such as bitcoin, and sovereigns, such as the e-renminbi, in the light of the role played by money in the global dynamics of capital accumulation, and particularly its function as world money. It sets out to understand the impacts of the emergence of digital currencies on the international monetary system, and the place occupied in it by Brazil.
Original languageEnglish
Title of host publicationDollar Hegemony Under Challenge and the Rise of Central Bank Digital Currencies (CBDC): A New Form of World Money?
EditorsGustavo Moura de Cavalcanti MELLO, Henrique Pereira BRAGA
PublisherPalgrave Macmillan, Cham
Chapter6
Pages143-182
Number of pages40
ISBN (Electronic)9783030822989
ISBN (Print)9783030822972
DOIs
Publication statusE-pub ahead of print - 22 Oct 2021

Publication series

NameMarx, Engels, and Marxisms
ISSN (Print)2524-7123
ISSN (Electronic)2524-7131

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Keywords

  • Brazil
  • Capitalism
  • Digital currencies
  • Dollar hegemony

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