CBDC System Design Principles

Joseph Huber ()

Chapter Chapter 7 in The Monetary Turning Point, 2023, pp 117-150 from Springer

Abstract: Abstract To what extent and how soon expectations for CBDC are met depends on the design principles for implementing CBDC. The chapter discusses the Top Ten of CBDC design principles, dealing, for example, with the provision of CBDC according to market demand; the convertibility of CBDC and other types of money; open or restricted access to CBDC and its quantitative availability; whether central-bank support and government guarantees for bank money can be reduced; or the channels by which CBDC is circulated. Moreover, a number of concerns about CBDC are addressed, for example, whether CBDC increases or decreases the likelihood of a run on bank money; what happens to the functioning of the monetary system when CBDC is increasingly substituted for bank money; or how banks deal with CBDC side by side with bank money, specifically how banks continue to finance their operations.

Keywords: CBDC design principles; Currency substitution; Bank-run problem?; Bank funding with CBDC; Coverage for stablecoins (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-23957-1_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031239571

DOI: 10.1007/978-3-031-23957-1_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().