Monetary sovereignty refers to a nation-state’s exclusive authority to control its currency, monetary policy, and financial system. This includes the power to issue legal tender, regulate interest rates, and manage the money supply. In the digital age, discussions around monetary sovereignty often consider the impact of cryptocurrencies and central bank digital currencies (CBDCs) on national control over financial affairs. It represents a fundamental aspect of economic independence for governments.
Context
Monetary sovereignty is a recurring theme in global financial news, particularly as central banks explore or launch digital currencies. Debates often address how decentralized cryptocurrencies might challenge traditional state control over money and financial policy. A critical future development involves the design of CBDCs that balance innovation with the preservation of national monetary authority. Governments and international bodies closely monitor these developments for their implications on economic stability and national security.
This expansion integrates DLT into core wholesale settlement infrastructure, radically reducing counterparty risk and optimizing capital efficiency across the Eurozone.
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