Should the Fed Issue Digital Currency?

Jessie Romero, Zhu Wang and Russell Wong

Richmond Fed Economic Brief, 2021, vol. 21, issue 10

Abstract: The United States might benefit from eventually replacing most physical cash with central bank digital currency (CBCD), but first the Federal Reserve must resolve several key policy and implementation issues, such as establishing comparative advantage over private issuers and ensuring safety and soundness.

Keywords: Banking and Finance; Digital Currency (search for similar items in EconPapers)
Date: 2021
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