by Summary:
Econs (a non-profit project of the communications department of the Russian central bank), February 13, 2020. HTML. Russian version of my VoxEU column on digital money and CBDC. What are we actually talking about? What do we know? And what should policymakers do? I discuss the following points: Finance has been digital forever – what’s new about ‘digital money’? Does the nature of money change? What is central bank digital currency? What is the link between CBDC and the blockchain? Would CBDC have macroeconomic effects? Would CBDC foster bank disintermediation and bank runs? Why consider CBDC at all? What opportunities does CBDC offer? Where do the risks lie? Do the opportunities justify the risks? Do central banks have a choice?
Topics:
Dirk Niepelt considers the following as important: Blockchain, Central Bank, Central bank digital currency, Contributions, Digital money, Dollarization, Libra, Reserves for all, Synthetic CBDC
This could be interesting, too:
Econs (a non-profit project of the communications department of the Russian central bank), February 13, 2020. HTML. Russian version of my VoxEU column on digital money and CBDC. What are we actually talking about? What do we know? And what should policymakers do? I discuss the following points: Finance has been digital forever – what’s new about ‘digital money’? Does the nature of money change? What is central bank digital currency? What is the link between CBDC and the blockchain? Would CBDC have macroeconomic effects? Would CBDC foster bank disintermediation and bank runs? Why consider CBDC at all? What opportunities does CBDC offer? Where do the risks lie? Do the opportunities justify the risks? Do central banks have a choice?
Topics:
Dirk Niepelt considers the following as important: Blockchain, Central Bank, Central bank digital currency, Contributions, Digital money, Dollarization, Libra, Reserves for all, Synthetic CBDC
This could be interesting, too:
Dirk Niepelt writes “Augenwischerei um SNB-Ausschüttungen (Misconceptions about SNB Distributions),” NZZ, 2024
Dirk Niepelt writes Bank of England CBDC Academic Advisory Group
Dirk Niepelt writes Panel on “Will the digital euro take off?,” CEPR, 2023
Dirk Niepelt writes Conference on “The Macroeconomic Implications of Central Bank Digital Currencies,” CEPR/ECB, 2023
Econs (a non-profit project of the communications department of the Russian central bank), February 13, 2020. HTML.
Russian version of my VoxEU column on digital money and CBDC. What are we actually talking about? What do we know? And what should policymakers do? I discuss the following points:
- Finance has been digital forever – what’s new about ‘digital money’?
- Does the nature of money change?
- What is central bank digital currency?
- What is the link between CBDC and the blockchain?
- Would CBDC have macroeconomic effects?
- Would CBDC foster bank disintermediation and bank runs?
- Why consider CBDC at all?
- What opportunities does CBDC offer?
- Where do the risks lie?
- Do the opportunities justify the risks?
- Do central banks have a choice?