Designing Central Bank Digital Currencies
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Language: en
Pages: 38
Pages: 38
Type: BOOK - Published: 2019-11-18 - Publisher: International Monetary Fund
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their p
Language: en
Pages: 51
Pages: 51
Type: BOOK - Published: 2020-11-20 - Publisher: INTERNATIONAL MONETARY FUND
This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issu
Language: en
Pages: 39
Pages: 39
Type: BOOK - Published: 2018-11-12 - Publisher: International Monetary Fund
Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and
Language: en
Pages: 20
Pages: 20
Type: BOOK - Published: 2019-07-15 - Publisher: International Monetary Fund
This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and
Language: en
Pages: 43
Pages: 43
Type: BOOK - Published: 2024-05-15 - Publisher: International Monetary Fund
Many central banks are currently exploring the possibility of issuing retail central bank digital currency (CBDC). While the primary objective varies between ju