Author: Jesus Fernandez‐Villaverde

Publication Central Bank Digital Currency Central Banking for all | Blockchain@X
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Central Bank Digital Currency : Central Banking for all ?

The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do…

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