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Casting Light on Central Bank Digital Currencies

2018-11-12 Business & Economics
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Release : 2018-11-12
Genre : Business & Economics
Kind : eBook
Book Rating : 571/5 ( reviews)

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Book Synopsis Casting Light on Central Bank Digital Currencies by : Mr.Tommaso Mancini Griffoli

Download or read book Casting Light on Central Bank Digital Currencies written by Mr.Tommaso Mancini Griffoli. This book was released on 2018-11-12. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Casting Light on Central Bank Digital Currency

2018 Banks and banking, Central
Download Casting Light on Central Bank Digital Currency PDF Online Free

Author :
Release : 2018
Genre : Banks and banking, Central
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Casting Light on Central Bank Digital Currency by : Tommaso Mancini-Griffoli

Download or read book Casting Light on Central Bank Digital Currency written by Tommaso Mancini-Griffoli. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: "This discussion note proposes a conceptual framework to assess the case for central bank digital currency (CBDC) adoption from the perspective of users and central banks. It abstracts from cross-border considerations by assuming that CBDC is for domestic use only. This note 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."--Executive summary

Casting Light on Central Bank Digital Currencies

2018-11-12 Business & Economics
Download Casting Light on Central Bank Digital Currencies PDF Online Free

Author :
Release : 2018-11-12
Genre : Business & Economics
Kind : eBook
Book Rating : 600/5 ( reviews)

GET EBOOK


Book Synopsis Casting Light on Central Bank Digital Currencies by : Mr.Tommaso Mancini Griffoli

Download or read book Casting Light on Central Bank Digital Currencies written by Mr.Tommaso Mancini Griffoli. This book was released on 2018-11-12. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Designing Central Bank Digital Currencies

2019-11-18 Business & Economics
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Release : 2019-11-18
Genre : Business & Economics
Kind : eBook
Book Rating : 883/5 ( reviews)

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Book Synopsis Designing Central Bank Digital Currencies by : Mr.Itai Agur

Download or read book Designing Central Bank Digital Currencies written by Mr.Itai Agur. This book was released on 2019-11-18. Available in PDF, EPUB and Kindle. Book excerpt: 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 preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes similar to cash or deposits, and can be interest-bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a cash-like CBDC may lead to the disappearance of cash. Then, the optimal CBDC design trades off bank intermediation against the social value of maintaining diverse payment instruments. When network effects matter, an interest-bearing CBDC alleviates the central bank's tradeoff.

The Rise of Digital Money

2019-07-15 Business & Economics
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Release : 2019-07-15
Genre : Business & Economics
Kind : eBook
Book Rating : 908/5 ( reviews)

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Book Synopsis The Rise of Digital Money by : Mr.Tobias Adrian

Download or read book The Rise of Digital Money written by Mr.Tobias Adrian. This book was released on 2019-07-15. Available in PDF, EPUB and Kindle. Book excerpt: 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 be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

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