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Coronavirus: Case for Digital Money?

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  • Zura Kakushadze
  • Jim Kyung-Soo Liew

Abstract

We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), 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 user data protection, and a supranational digital iCurrency for facilitating international digital monetary linkages.

Suggested Citation

  • Zura Kakushadze & Jim Kyung-Soo Liew, 2020. "Coronavirus: Case for Digital Money?," Papers 2005.10154, arXiv.org.
    • Handle: RePEc:arx:papers:2005.10154
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    References listed on IDEAS

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    1. repec:thr:techub:10010:y:2020:i:1:p:280-290 is not listed on IDEAS
    2. 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.
    3. 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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