On the possibility of a cash-like CBDC

Hanna Armelius, Carl Claussen and Isaiah Hull

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Abstract: We explain why all CBDCs will need a ledger that keeps track of CBDC ownership regardless of whether they are “token-based”, “DLT-based” or “on a blockchain”; and regardless of how we define these terms. Consequently, token-based CBDCs appear not to have a greater capacity for providing payments that are peer-to-peer, offline or anonymous like cash than “account-based” CBDCs.

Keywords: CBDC; Tokens; Offline (search for similar items in EconPapers)
JEL-codes: E42 E51 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:231485

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