EconPapers    
Economics at your fingertips  
 

Central Bank Digital Currency: A Literature Review

Francesca Carapella () and Jean Flemming ()

No 2020-11-09-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Technological advances in recent years have led to a growing number of fast, electronic means of payment available to consumers for everyday transactions, raising questions for policymakers about the role of the public sector in providing a digital payment instrument for the modern economy. From a theoretical standpoint, the introduction of a central bank digital currency (CBDC) raises long-standing questions relating to the provision of public and private money (Gurley and Shaw 1960), and the ability of the central bank to use CBDC as a means for transmitting monetary policy directly to households (Tobin 1985).

Date: 2020-11-09
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.federalreserve.gov/econres/notes/feds- ... -review-20201109.htm (text/html)

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:fip:fedgfn:2020-11-09-1

DOI: 10.17016/2380-7172.2790

Access Statistics for this paper

More papers in FEDS Notes from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-04-18
Handle: RePEc:fip:fedgfn:2020-11-09-1