How would a Central Bank Digital Currency Affect Financial Stability?

Todd Keister

No 22-06, The OFR Blog from Office of Financial Research, US Department of the Treasury

Abstract: A well-designed central bank digital currency may enhance rather than weaken financial stability, according to an OFR working paper released in July. As central banks consider whether the benefits of creating digital cash outweigh the risks, the paper finds that at least one risk—bank runs—is not as big as initially feared.

Date: 2022-08-08
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