Money Uniformity and Retail CBDC

Alistair Milne, Dirk Niepelt and David Skeie

No 21448, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We assess retail central bank digital currency (CBDC) against the objective of the uniformity of money. The central questions that arise are whether CBDC could help support the uniformity of money across public and private monies in day-to-day payments; how it interacts with the unit of account and monetary sovereignty; and how its design choices impact its contribution.

Keywords: Uniformity; Money; Central Bank Digital Money CBDC (search for similar items in EconPapers)
JEL-codes: E42 E51 E58 (search for similar items in EconPapers)
Date: 2026-05
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