Central bank cryptocurrencies

  title={Central bank cryptocurrencies},
  author={Claudio Borio and Stijn Claessens and Benjamin Cohen and Dietrich Domanski and Hana Halaburda and Krista Hughes and Jochen Schanz and Morten L. Bech and Rodney Garratt},
New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs) look like and would they be useful? This feature provides a taxonomy of money that identifies two types of CBCC – retail and wholesale – and differentiates them from other forms of central bank money such as cash and reserves. It discusses the different characteristics of CBCCs and compares them with… CONTINUE READING

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