The Rise Of Public And Private Digital Money
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Following the companion paper on the new policy challenges related to the adoption of digital forms of money, this paper presents an operational strategy for th
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There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain p
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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 p
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Type: BOOK - Published: 2016-01-20 - Publisher: International Monetary Fund
New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are