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17.11.2020 - Comments

The digital renminbi as a geoeconomic tool

by Norbert F. Tofall

The renminbi cannot compete with the dollar and the euro in international payment transactions. The introduction of a digital renminbi should change this.

This comment is available in German only.

Related Articles

14.02.2020 - Economics, Politics & Philosophy

Central Bank Digital Currency

Is the ECB wasting an opportunity?

by Norbert F. Tofall

The model of digital central bank money proposed by ECB Director Ulrich Bindseil is not intended to use digitisation for monetary system reform. The ECB is thereby missing an opportunity.

15.01.2018 - Economics, Politics & Philosophy

Monetary constitutional issues are questions of freedom

by Norbert F. Tofall

Competing private currencies allow a gradual transition from a state monopoly to a market economy monetary order, whereby crypto currencies are a use case of competing private currencies. However, not every digital currency is a crypto currency.