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Central Bank Digital Currency: Central Banking For All?

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NBER2020-02-01 更新2025-01-04 收录
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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

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2020-02-01
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