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Coronavirus: The Case for Digital Money?

Author

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  • Zura Kakushadze
  • Jim Kyung-Soo Liew

Abstract

We discuss the advantages of adopting government-issued digital currencies and a supranational digital iCurrency. This will get rid of paper money, a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy recommendations for adapting mobile devices as new digital wallets, regulatory oversight of sovereign digital currencies, and a supranational digital iCurrency. We also argue that the USA should reevaluate its “exorbitant privilege and exorbitant duty†in light of the financial meltdown from the coronavirus outbreak.

Suggested Citation

  • Zura Kakushadze & Jim Kyung-Soo Liew, 2020. "Coronavirus: The Case for Digital Money?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 21(1), pages 177-190, January.
    • Handle: RePEc:wej:wldecn:781
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    Cited by:

    1. Civelek Mehmet & Červinka Michal & Gajdka Krzysztof & Nétek Václav, 2021. "Marketing communication tools and their influence on marketing innovation: Evidence from Slovakian SMEs," Management & Marketing, Sciendo, vol. 16(3), pages 210-227, September.
    2. Ni Putu Dyah Krismawintari & Yeyen Komalasari & I Gusti Bagus Rai Utama & Christimulia Purnama Trimurti & I Wayan Ruspendi Junaedi, 2020. "Decision Model of Use E-Money in Covid-19 Pandemic Situation," Technium Social Sciences Journal, Technium Science, vol. 10(1), pages 280-290, August.

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