Project mBridge and the Future of CrossBorder Payments: Assessing the Adequacy of USD and Gold Reserves in a MultiCurrency World

Srivastava, Ashish (2024) Project mBridge and the Future of CrossBorder Payments: Assessing the Adequacy of USD and Gold Reserves in a MultiCurrency World. Masters thesis, Dublin, National College of Ireland.

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Abstract

This study investigates the potential impact of Project mBridge on the global markets, with a focus on the shifting role of the US Dollar (USD) as the world’s reserve currency and the adequacy of gold reserves in mitigating financial risks. As central banks explore alternatives to the USD through digital currencies this research evaluates whether national gold reserves are sufficient to cover short-term external debts in times of economic uncertainty. By analyzing historical trends in currency purchasing power against gold and assessing the dependency of various nations on the USD, the study provides insights into how prepared different economies are for a potential decline in USD dominance. The findings reveal that while some smaller economies have robust gold reserves relative to their liabilities, larger economies may face challenges due to their lower coverage ratios. This research underscores the importance of gold as a financial safeguard in an evolving global monetary system and highlights the gradual but significant shift towards a more multipolar currency environment. Future research should continue to monitor these developments as Project mBridge and similar initiatives evolve.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Heeney, Sean UNSPECIFIED Cosgrave, Noel UNSPECIFIED
Uncontrolled Keywords:	mBridge; USD; world reserve currency; gold reserve; cross border positions
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > Money > Currency H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Ciara O'Brien
Date Deposited:	05 Aug 2025 14:22
Last Modified:	05 Aug 2025 14:22
URI:	https://norma.ncirl.ie/id/eprint/8439

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