Digital Quasi-Money by Payment Systems
https://doi.org/10.26794/2308-944X-2022-10-1-14-23
Abstract
Aim. The article substantiates the assumption of the emergence of a new form of money – digital quasimoney, as a means of payments and settlements. Method. The author discussed the role of the currency of the payment system as a national payment unit that has the property of conversion in national and international payment systems. it reveals specific examples of its appearance by multiplying private currencies (cryptocurrencies) and their mutual conversion with the national digital currency at a fixed rate. Results. The author presented a theoretical explanation of the two-tier monetary system. Conclusion. Particularly, the author concluded that it leads to additional emission of money into intra-economic circulation, mobilizing the transformation of inventories and personal savings into investments, and makes it possible to strengthen protection from external funding restrictions.
About the Author
I. Varyash
Financial University
Russian Federation
Russian Federation
Varyash Igor — D. Sc. in Economics, Honorary Professor
Moscow
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Review
For citations:
Varyash I. Digital Quasi-Money by Payment Systems. Review of Business and Economics Studies. 2022;10(1):14-23. https://doi.org/10.26794/2308-944X-2022-10-1-14-23
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