Comparing Means of Payment: What Role for a Central Bank Digital Currency?
Posted: 16 Sep 2020
Date Written: August 13, 2020
This paper looks at the potential benefit that a central bank digital currency (CBDC) could provide in the context of existing payment mechanisms. Central banks today provide the primary payment mechanisms for trade and commerce: cash, used by the public, and electronic payment services, used by eligible financial institutions.
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