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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15363 |
DP15363 Rise of the central bank digital currencies: drivers, approaches and technologies | |
Raphael Auer; Jon Frost; Giulio Cornelli | |
发表日期 | 2020-10-13 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. We investigate the economic and institutional drivers of CBDC development and take stock of design efforts. We set out a comprehensive database of technical approaches and policy stances on issuance, relying on central bank speeches and technical reports. Most projects are found in digitised economies with a high capacity for innovation. Work on retail CBDCs is more advanced where the informal economy is larger. We next take stock of the technical design options. More and more central banks are considering retail CBDC architectures in which the CBDC is a direct cash-like claim on the central bank, but where the private sector handles all customer-facing activity. We conclude with an in-depth description of three distinct CBDC approaches by the central banks of China, Sweden and Canada. |
主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
关键词 | Cbdc Central bank digital currency Payments International payments Central banks monetary policy Technology Digital currency Distributed ledger technology |
URL | https://cepr.org/publications/dp15363 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544345 |
推荐引用方式 GB/T 7714 | Raphael Auer,Jon Frost,Giulio Cornelli. DP15363 Rise of the central bank digital currencies: drivers, approaches and technologies. 2020. |
条目包含的文件 | 条目无相关文件。 |
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