An introduction to the current debate on central bank digital currency (CBDC)

Juan Ayuso () and Carlos Conesa ()
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Juan Ayuso: Banco de España
Carlos Conesa: Banco de España

No 2005, Occasional Papers from Banco de España

Abstract: This paper provides an overview of the concept of central bank digital currency (CBDC) that may serve as a basis for an ordered discussion and an in-depth analysis of the different relevant aspects in the ongoing debate about this digital financial asset. The primary objective is to review the grounds that could warrant issuing CBDC and undertake a preliminary analysis of its main implications, especially those linked to the CBDC models that seem most likely to be adopted, judging by the motivations of the central banks whose issuance plans are currently most advanced.

Keywords: central bank digital currency; stablecoins; cryptocurrencies; cryptoassets (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2020-03
New Economics Papers: this item is included in nep-fmk, nep-mac, nep-mon and nep-pay
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Citations: View citations in EconPapers (4)

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https://www.bde.es/f/webbde/SES/Secciones/Publicac ... 20/Files/do2005e.pdf First version, March 2020 (application/pdf)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... s/20/Fich/do2005.pdf Spanish version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2005e

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