A new and emerging topic in international finance and crisis management is the impact of cryptocurrencies and digital currencies on global financial stability. As cryptocurrencies like Bitcoin and central bank digital currencies (CBDCs) gain prominence, they present both opportunities and risks. On one hand, they offer potential benefits like enhanced financial inclusion and more efficient cross-border payments. On the other hand, their volatility, lack of regulation, and potential for use in illicit activities raise concerns about their role in future financial crises. The integration of digital currencies into the global financial system is reshaping traditional banking and monetary policies, making it a critical area of study for understanding how digital assets might contribute to or mitigate future financial crises.
A new topic in international finance and crisis could be the implications of de-dollarization movements, where countries reduce reliance on the US dollar in trade and reserves, potentially reshaping global financial stability and altering crisis transmission channels in emerging markets.