If a country entirely phased out cash and replaced it with digital currency would it become destabilized?
I feel yes stability will be maintained because for a country to phase out an existing system to adopt a completely new mechanism then series of infrastructures would have to be put in place which would include a regulatory body to match the demand with supply and in this case if we have a fully digitised currency economy, its continuous rise will mean a doom for the country if its not matched with corresponding production and that's what the country will have to ensure through regulations before adopting it.