Abstract
This chapter focuses on the literature review regarding digital currencies, cryptocurrencies, econometric models and design of the New Global Financial System in period of 2013–2021. The choice of this period was determined by the introduction of the concept of cryptocurrencies in literature and the development of the global financial system. The Mendeley Research tool was used (https://www.Mendeley.com" xmlns:xlink="https://www.w3.org/1999/xlink">Mendeley.com) to identify the most important researches in this area with the help of the key words such as “The Global Financial System”. The authors also studied International Monetary Fund’s documents, European Commission’s directives and recommendations regarding international settlements and new global financial system design. Besides that, the summary of published quantitative approaches/models and results of researches are also discussed in this chapter as the starting point for the further investigation upon a design of NGFS and how it can be implemented globally.
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