Enabling innovation through a digital pound

Rachel Greener ()
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Rachel Greener: Bank of England

Bank of England Quarterly Bulletin, 2013, vol. 63, issue 1, 1-1

Abstract: The relevant authorities in the UK have indicated that a central bank digital currency, in wholesale or retail form – known as a digital pound – is likely to be needed. One of the main motivations for a digital pound is that it should promote innovation in domestic payments. Against this backdrop, this article explores the academic literature on innovation for lessons on how to design a digital pound to encourage innovation in the payments ecosystem.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0265

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