Comparing Means of Payment: What Role for a Central Bank Digital Currency?

Jesse Maniff and Paul Wong

No 2020-08-13-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: 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.

Date: 2020-08-13
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-08-13-2

DOI: 10.17016/2380-7172.2739

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