Towards a completely different international monetary system?

M onetary policy is currently extremely expansionary in all the countries whose currency is an international reserve currency (United States, euro zone, United Kingdom, Japan, China). This could lead in the future to a n across-the-board flight from money: economic agents could lose confidence in money as a vehicle to store their savings and switch to financial assets that are not managed by central banks: gold, cryptocurrencies. A global currency that was independent of central banks (Libra?), provided its price was not too variable, could then be the subject of very strong demand. This explains central banks’ hostility towards this type of currency.