CBDC and Monetary Sovereignty
Antonio Diez de los Rios () and
No 2020-5, Staff Analytical Notes from Bank of Canada
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)
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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