China's transition to a digital currency does it threaten dollarization?

This article provides a detailed introduction to China's launching of a digital currency. We conduct a comparative analysis concerning whether digital currency is a more stable and reliable currency than cryptocurrency and investigate whether a digital renminbi (or yuan) could replace the US do...

Full description

Bibliographic Details
Main Authors: Ahmet Faruk Aysan, Farrukh Nawaz Kayani
Format: Article
Language:English
Published: Elsevier 2022-01-01
Series:Asia and the Global Economy
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2667111521000232