Work

Comparing Means of Payment: What Role for a Central Bank Digital Currency?

Year: 2020

Type: article

Abstract: This paper looks at the potential benefit that a central bank digital currency (CBDC) could provide in the context of existing payment mechanisms. Central banks today provide the primary payment mechanisms for trade and commerce: cash, used by the public, and electronic payment services, used by eligible financial institutions.

Source: FEDS Notes

DOI: 10.17016/2380-7172.2739

Authors: Paul Wong, Jesse Leigh Maniff

Institutions: Federal Reserve, Federal Reserve Board of Governors

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W3049323904

FWCI: 5.49

Cites: 2

Cited by: 28

Related to: 10