Artikel
Issuing a Wholesale Central Bank Digital Currency: Why and How
Although there are currently four retail central bank digital currencies in circulation, no central bank has yet issued the wholesale form of a central bank digital currency. There are good reasons to do so, however, and central banks have already conducted projects in this area. A wholesale central bank digital currency could be issued in different ways. This article presents two "polar" scenarios, with a restrained and an extensive use of the possibilities offered by recourse to distributed ledger technology. Their consequences for monetary policy are discussed, and some precautions for central banks that intend to launch a wholesale central bank digital currency are underlined.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 59 ; Year: 2024 ; Issue: 1 ; Pages: 35-40
- Classification
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
Central Banks and Their Policies
- Subject
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Central bank
Virtual currency
Zentralbank
Virtuelle Währung
- Event
-
Geistige Schöpfung
- (who)
-
Pfister, Christian
- Event
-
Veröffentlichung
- (who)
-
Sciendo
- (where)
-
Warsaw
- (when)
-
2024
- DOI
-
doi:10.2478/ie-2024-0008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Pfister, Christian
- Sciendo
Time of origin
- 2024
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