Design choices for central bank digital currency: Policy and technical considerations

Abstract Central banks around the world are exploring and in some cases even piloting central bank digital currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a range of new financial instruments and monetary policy levers. CBDCs also give … Continue reading Design choices for central bank digital currency: Policy and technical considerations