OPINION: A Pan-Asian Digital Currency would bring many opportunities to China


Source: macaubusiness.com macaubusiness.com

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OPINION – A Pan-Asian Digital Currency would bring many opportunities to China By MBeditor *By Oriol Caudevilla In mid-October, three Japanese scholars and advisors (Taiji Inui, Wataru Takahashi and Mamoru Ishida) published an article in VoxEU (a publication set up by the Centre for Economic Policy and Research, CEPR) in which they advocated the introduction of an Asian digital common currency covering the whole of the East Asia region as a multilateral synthetic currency comparable to the euro. According to the authors, the benefits it would bring (deepening cooperation within multilateral frameworks and the protection of the rights of small...