CBDC – in a whirlpool of discussion

Aiste Juskaite, Sigitas Siaudinis and Tomas Reichenbachas
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Aiste Juskaite: Bank of Lithuania
Tomas Reichenbachas: Bank of Lithuania

No 29, Bank of Lithuania Occasional Paper Series from Bank of Lithuania

Abstract: The topic of central bank digital currency (henceforth - CBDC) has recently gained significant share of attention among policy makers and academics. A wide range of CBDC setups are discussed from the universally accessible central bank accounts or digital tokens to less extreme suggestions of only partly broadening central bank balance sheet access by providing CBDC to wholesale consumers or getting private sector to mediate in the process by providing synthetic CBDC. This paper recalls the possible CBDC implementation types that are discussed in the current context; reviews some of the discussions among those researching the topic; gives a brief overview of the next-step initiatives taking place among central banks with a potential to lay ground for the practical CBDC implementation; and discusses the main policy implications from financial stability and monetary policy perspectives.

Keywords: LBChain; LBCoin; central bank digital currency (CBDC) (search for similar items in EconPapers)
Pages: 32 pages
Date: 2019-12-10
New Economics Papers: this item is included in nep-cba and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:lie:opaper:29

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