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Creating a World wide currency

Summary:
Interesting food for thought piece by the trio of econs: Pierpaolo Benigno, Linda Schilling, Harald Uhlig The governor of the Bank of England, Mark Carney, recently argued that more thought should be given to creating a global electronic currency. This column, part of the Vox debate on the future of digital money, looks at the challenges for the world economy of adopting a ‘world wide currency’, using a two-country world in which each country has its own national currency and national central bank, but where there is also a global currency in circulation. It suggests that Carney’s wish may be granted, but sooner than expected and in a different manner.   If there is domestic and global currency, then we will have a situation of synchronised mon policy: What are the consequences of

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Interesting food for thought piece by the trio of econs: Pierpaolo Benigno, Linda Schilling, Harald Uhlig

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Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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