Should central banks issue digital currency?

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Though central banks do not seem concerned about being driven obsolete by cryptocurrencies, some are considering issuing digital currencies with similar technology. Stephen Cecchetti discusses three policy implications this might have, namely for restricting illegal use of cash, allowing for negative interest rates, and improving financial access. All three are possible, but come with risk.
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Комментарии
Автор

I believe there are at least two fundamental point Mr. Cecchetti has bypassed.
(1) An interest-bearing CBDC is supposed to improve monetary policy transmission and implementation!
(2) CBDC is supposed to improve competitiveness and efficiency in the remote-payment system, especially in those countries where the payment market is not that developed.

Giaco
Автор

LOL: "The ILLEGAL USE OF PAPER they create fiat money, then they demand that it be used ONLY HOW THEY LIKE. LOL.

klam