ABSTRACT
These concluding remarks bring together the main findings from the book. Drawing insights from the material presented in each chapter, the book establishes new guidelines within the safe asset dilemma. It also addresses the main questions and outlines future trends in the global economy. This book discusses many concepts that financial market participants and policymakers can use when formulating the investment strategy, building a portfolio or communicating public opinion. This unique book makes numerous contributions and has implications for investors and policymakers that have not been mentioned so far. First, it defines and describes safe asset instruments with their supply and demand characteristics. Second, it offers a unified framework that links the safe asset discussion with the post-crisis environment (the Global Financial Crisis (GFC) and COVID-19), monetary policy and the banking sector, portfolio theory, and digital currency issues. Third, it highlights the problem of safe asset shortages and their implications for financial stability and economic growth. It presents alternative sources of potential safe asset creation, such as European Union, common debt issuance within Economic and Monetary Union or the emerging economies of China and India.
