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.
|Title of host publication||Dollar Hegemony Under Challenge and the Rise of Central Bank Digital Currencies (CBDC): A New Form of World Money?|
|Editors||Gustavo Moura de Cavalcanti MELLO, Henrique Pereira BRAGA|
|Publisher||Palgrave Macmillan, Cham|
|Number of pages||40|
|Publication status||Published - 2022|
|Name||Marx, Engels, and Marxisms|
Bibliographical notePublisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
- Digital currencies
- Dollar hegemony