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Central Bank Digital Currency and the Future of Monetary Policy

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NBER2017-08-01 更新2025-01-04 收录
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We consider how a central bank digital currency (CBDC) could transform all aspects of the monetary system and facilitate the systematic and transparent conduct of monetary policy. In particular, we find that CBDC can serve as a practically costless medium of exchange, secure store of value, and

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2017-08-01
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