DIGIMONEY | How digital money is shaping the future of political collectivities? A comparative perspective from Latin America

Summary
Over the last decade, digital innovations have transformed a fundamental aspect of our societies: money. These innovations have brought new actors to the realm of issuing currencies, leading to what some have defined as the end of an era in which money was defined by the state. DIGIMONEY will study two of these developments. On one hand, cryptocurrencies. Thanks to blockchain technology, these would allow a decentralized and state-independent access to money. On the other hand, central bank digital currencies (CBDCs). These would serve to reaffirm state regulatory power in the face of private and anti-state monetary initiatives. In short, while CBDCs seek to uphold the nation-state political structures, cryptocurrencies aim to transcend them. Through an anthropological approach, DIGIMONEY main objective is to study the critical role of digital money in shaping both established and emerging forms of political collectivities. Instead of treating money as a purely market catalyst (as orthodox economic theory often does), project’s originality lies in its analysis of money as a battleground where diverse political collectivities attempt to reaffirm their power and trace the boundaries of their presence and sovereignty. To achieve this, DIGIMONEY research will be developed in two countries that constitute paradigmatic cases in relation to each digital currency: Mexico (where the state is on the verge of launching its CBDC) and Venezuela (the third country in the world with the highest volume of cryptocurrencies transactions). By integrating an outstanding international research environment and developing an adapted training program, the candidate will qualify as a leading researcher in a new and promising field of research at the crossroads of anthropology of money and political economy of money. Furthermore, he will acquire new writing, communicative, and management skills that will allow him to reach a position of professional excellence and independence.
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/101154897
Start date: 01-10-2024
End date: 30-09-2027
Total budget - Public funding: - 225 475,00 Euro
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Original description

Over the last decade, digital innovations have transformed a fundamental aspect of our societies: money. These innovations have brought new actors to the realm of issuing currencies, leading to what some have defined as the end of an era in which money was defined by the state. DIGIMONEY will study two of these developments. On one hand, cryptocurrencies. Thanks to blockchain technology, these would allow a decentralized and state-independent access to money. On the other hand, central bank digital currencies (CBDCs). These would serve to reaffirm state regulatory power in the face of private and anti-state monetary initiatives. In short, while CBDCs seek to uphold the nation-state political structures, cryptocurrencies aim to transcend them. Through an anthropological approach, DIGIMONEY main objective is to study the critical role of digital money in shaping both established and emerging forms of political collectivities. Instead of treating money as a purely market catalyst (as orthodox economic theory often does), project’s originality lies in its analysis of money as a battleground where diverse political collectivities attempt to reaffirm their power and trace the boundaries of their presence and sovereignty. To achieve this, DIGIMONEY research will be developed in two countries that constitute paradigmatic cases in relation to each digital currency: Mexico (where the state is on the verge of launching its CBDC) and Venezuela (the third country in the world with the highest volume of cryptocurrencies transactions). By integrating an outstanding international research environment and developing an adapted training program, the candidate will qualify as a leading researcher in a new and promising field of research at the crossroads of anthropology of money and political economy of money. Furthermore, he will acquire new writing, communicative, and management skills that will allow him to reach a position of professional excellence and independence.

Status

SIGNED

Call topic

HORIZON-MSCA-2023-PF-01-01

Update Date

03-10-2024
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Horizon Europe
HORIZON.1 Excellent Science
HORIZON.1.2 Marie Skłodowska-Curie Actions (MSCA)
HORIZON.1.2.0 Cross-cutting call topics
HORIZON-MSCA-2023-PF-01
HORIZON-MSCA-2023-PF-01-01 MSCA Postdoctoral Fellowships 2023