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CBDC and Monetary Sovereignty

Antonio Diez de los Rios () and Yu Zhu

No 2020-5, Staff Analytical Notes from Bank of Canada

Abstract: In an increasingly digitalized world, issuers of private digital currency can weaken central banks’ ability to stabilize the economy. By continuing to make central bank money attractive as a payment instrument in a digital world, a central bank digital currency (CDBC) could help to maintain a country’s monetary sovereignty.

Keywords: Digital Currencies and Fintech; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E52 E58 F55 G15 (search for similar items in EconPapers)
Date: 2020-02
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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