As a "social institution", money arises by force of circumstances, as opposed to a state's currrency, so it is a collective phenomenon. For to be money, it must be treated, used, and circulated as such by the community to which it belongs. In particular, the phenomenon of digital central bank currency has undergone a rapid evolution, pressed by the competing and even faster development of so-called private stable coins.
It Firms, Payment Systems, Systemic Rysks and Art. 47of Italian Constitution
Francesco Moliterni
2023-01-01
Abstract
As a "social institution", money arises by force of circumstances, as opposed to a state's currrency, so it is a collective phenomenon. For to be money, it must be treated, used, and circulated as such by the community to which it belongs. In particular, the phenomenon of digital central bank currency has undergone a rapid evolution, pressed by the competing and even faster development of so-called private stable coins.File in questo prodotto:
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