L’apporto delle CBDC e delle tecnologie a registro distribuito nella cooperazione monetaria dei BRICS+

Abstract

The contribution of CBDCS and distributed ledger technologies in the BRICS+ monetary cooperation - The paper summarizes the BRICS+ coordination on the economic-monetary level and highlights the latest progress established both at the 15^th and the 16^th Summits in Johannesburg and Kazan. Although the idea of a single currency does not currently appear to be a primary and doable concern, the BRICS+ countries are oriented toward a “common unit of account approach”. Moreover, by riding the CBDCs’ wave, all members intend to rely on the potentiality of Distributed Ledger Technologies to create a blockchain-based cross-border payment system. Finally, there is no shortage of thoughts regarding the dollar’s health and how these changes may reshape our current idea of globalization.

Keywords: BRICS+; Central Bank Digital Currencies (CBDCs); De-dollarization; Distributed Ledger Technology (DLT); Monetary regionalism