Examining CBDC and Wholesale Payments

Jon Durfee, Jesse Maniff and Priyanka Slattery

No 2023-09-08-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper explores whether a new settlement asset in the form of central bank money is essential for a new platform that processes wholesale payment transactions. Central bank money currently exists for wholesale transactions in the form of depository institution balances at the Federal Reserve (Reserve Banks) used for Fedwire® Funds Service (Fedwire).

Date: 2023-09-08
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-09-08-2

DOI: 10.17016/2380-7172.3368

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