CBDC
5.19.2023 VoxEU, Central Bank Digital Currency Policies in Open Economies
Central banks worldwide are actively considering issuing digital currencies. This column studies the macroeconomic and financial stability implications of their issuance, and of alternative arrangements for their management. 5.2023 SUERF Policy Brief, CBDC Policies in Open Economies Central banks worldwide are actively studying the possibility of issuing digital money to the public, a concept that has become known as central bank digital currencies, or CBDC. While the microeconomic and technological benefits of CBDC have so far received most of the attention in the ongoing policy discussion, many macroeconomic aspects of CBDC policies remain underexplored. |