Casting Light on Central Bank Digital Currencies
Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and how to adapt. One possibility is central bank digital currency (CBDC)-- a widely accessible digital form of fiat money that could be legal tender. This discussion note proposes a conceptual framework to assess the case for CBDC adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity. This note also surveys research and pilot studies on CBDC by central banks around the world.
- ISBN 13 : 1484393600
- ISBN 10 : 9781484393604
- Judul : Casting Light on Central Bank Digital Currencies
- Pengarang : Mr.Tommaso Mancini Griffoli, Mr.Maria Soledad Martinez Peria, Mr.Itai Agur, Mr.Anil Ari, Mr.John Kiff, Ms.Adina Popescu, Ms.Celine Rochon, Mr.Maria Soledad Martinez Peria, Mr.Itai Agur, Mr.Anil Ari, Mr.John Kiff, Ms.Adina Popescu, Ms.Celine Rochon,
- Kategori : Business & Economics
- Penerbit : International Monetary Fund
- Bahasa : en
- Tahun : 2018
- Halaman : 39
- Google Book : https://play.google.com/store/books/details?id=GsaSDwAAQBAJ&source=gbs_api
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Ketersediaan :
37The absence of a lender of last resort has been associated with US banking panics in the pre–Federal Reserve era (Calomiris 2008; Gorton and Tallman 2016). 38For similar reasons, central banks should not impose aggregate limits on ...