Déjà Vu All Over Again: What the Return of Private Currencies Could Mean for Central Banks

Jesse Maniff and Susan Zubradt

Payments System Research Briefing, 2021, 4

Abstract: Private digital currencies, or “crypto-assets,” have surged in popularity recently, but they are not new to the payments landscape and may present familiar challenges for central banks. Although they have yet to fulfill the main functions of money, crypto-assets still have the potential to affect financial stability and the implementation of monetary policy.

Keywords: Crypto Assets; Digital Currencies (search for similar items in EconPapers)
JEL-codes: E42 E5 (search for similar items in EconPapers)
Date: 2021
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