The Role of International Economic Organizations in Global Economic Governance: From the Perspective of The Impact of Digital Currency on Economic Growth, Monetary Policy and Financial Crisis Prevention
In the dynamic landscape of global economic governance, challenges arise from profound structural transformations and historical developments. This study investigates the role of international economic organizations in global economic governance, focusing on the impact of digital currencies, such as Bitcoin and Central Bank Digital Currencies (CBDCs), on economic growth, monetary policy, and financial crisis prevention. International economic organizations assume important functions in global economic governance, including policy coordination, financial stability, crisis assistance. The research addresses critical questions, including how digital currencies influence global economic growth, challenge traditional monetary policy, and create new risks to financial stability. Findings indicate that while digital currencies enhance financial inclusion and cross-border payment efficiency, they pose significant challenges to monetary policy implementation and increase systemic risks. International economic organizations should enhance global policy coordination, establish robust regulatory frameworks, and provide technical guidance to mitigate these risks. Future research should explore the integration of CBDCs into global economic governance frameworks and their potential to reshape financial stability mechanisms.
Authors
- Sidi Tao
Institutions
- Shanghai International Studies University (CN)
Publication Details
- Journal
- Highlights in Business Economics and Management
- Published
- 2025-03-13
- DOI
- https://doi.org/10.54097/gv6ref90
- Primary Topic
- Global Financial Regulation and Crises
- Type
- article
- Field-Weighted Citation Impact
- 0.00