Sunday , November 24 2024
Home / Dirk Niepelt / “Digitales Notenbankgeld – und nun? (CBDC—What Next?),” FuW, 2021

“Digitales Notenbankgeld – und nun? (CBDC—What Next?),” FuW, 2021

Summary:
Finanz und Wirtschaft, December 8, 2021. PDF. I draw some conclusions from the CEPR eBook on CBDC, namely: Banks will change, whatever happens to CBDC. The main risk of retail CBDC is not bank disintermediation. CBDC may not be the best option even if it has net benefits. It should be for parliaments and voters, not central banks, to decide about the introduction of CBDC.

Topics:
Dirk Niepelt considers the following as important: , , , , ,

This could be interesting, too:

Marc Chandler writes China’s Politburo Validates and Extends Pivot while the US Dollar Sees Yesterday’s Gains Pared

Marc Chandler writes Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut

Marc Chandler writes China Goes Big, and Market (Initially) Gives it the Benefit of the Doubt

Dirk Niepelt writes The New Keynesian Model and Reality

Finanz und Wirtschaft, December 8, 2021. PDF.

  • I draw some conclusions from the CEPR eBook on CBDC, namely:
  • Banks will change, whatever happens to CBDC.
  • The main risk of retail CBDC is not bank disintermediation.
  • CBDC may not be the best option even if it has net benefits.
  • It should be for parliaments and voters, not central banks, to decide about the introduction of CBDC.
Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

Leave a Reply

Your email address will not be published. Required fields are marked *