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220928 ||| eng |
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|a 9781484384572
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|a Mancini-Griffoli, Tommaso
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245 |
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|a Casting Light on Central Bank Digital Currencies
|c Tommaso Mancini-Griffoli, Maria Martinez Peria, Itai Agur, Anil Ari, John Kiff, Adina Popescu, Celine Rochon
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2018
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300 |
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|a 39 pages
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651 |
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4 |
|a China, People's Republic of
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653 |
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|a Interest rates
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653 |
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|a Payment Systems
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653 |
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|a Credit
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653 |
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|a Banks
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653 |
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|a Central Bank digital currencies
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653 |
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|a Distributed ledgers
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653 |
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|a Industries: Financial Services
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653 |
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|a Banks and banking
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653 |
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|a Regimes
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653 |
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|a Financial services
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653 |
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|a Technological innovations
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653 |
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|a Mortgages
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653 |
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|a Money
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653 |
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|a Standards
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653 |
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|a Currencies
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653 |
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|a Banking
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653 |
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|a Bank deposits
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653 |
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|a Money Multipliers
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653 |
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|a Depository Institutions
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653 |
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|a Government and the Monetary System
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653 |
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|a Commercial banks
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653 |
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|a Technology
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653 |
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|a Monetary economics
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653 |
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|a Financial institutions
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653 |
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|a Micro Finance Institutions
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653 |
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|a Banks and Banking
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653 |
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|a Monetary Systems
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653 |
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|a Money Supply
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653 |
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|a Financial services industry
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653 |
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|a Central Banks and Their Policies
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Central bank policy rate
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700 |
1 |
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|a Agur, Itai
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700 |
1 |
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|a Ari, Anil
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|a Kiff, John
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041 |
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7 |
|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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490 |
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|a Staff Discussion Notes
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028 |
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|a 10.5089/9781484384572.006
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856 |
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|u https://elibrary.imf.org/view/journals/006/2018/008/006.2018.issue-008-en.xml?cid=46233-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a 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
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