Assessing the Case for Retail CBDCs: Central Banks’ Considerations

Fumiko Hayashi and Ying Lei Toh

Payments System Research Briefing, 2022, issue May 26, 2022, 7

Abstract: Many central banks around the world have been researching, experimenting, or developing central bank digital currencies (CBDCs). Although central banks in several emerging markets and developing economies have implemented or plan to implement a general-purpose, or retail, CBDC to promote financial inclusion and improve their payment systems, central banks in many advanced economies have not yet found a compelling case for a retail CBDC.

Keywords: Central Bank Digital Currencies (CBDCs); Payments; Central banking (search for similar items in EconPapers)
JEL-codes: E42 E58 (search for similar items in EconPapers)
Date: 2022
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