Digital currency Author – Ruchita Bendugade (MMS10002) 1. Future digital money New digitalized entrants into payment services and financial intermediation are also reshaping the monetary-financial landscape. Central banks properly addressed the rise of private digital currencies such as Bitcoin with just a study approach, since they do not pose any risk to the current monetary-financial system. To capture their creation and destruction processes through sectoral balance sheet dynamics; and to identify the inherent risks to the current monetary-financial system, also known as the fractional reserve banking system. These risks, which stem from sudden shifts in money demand and supply, are Read More