A Survey of Research on Retail Central Bank Digital Currency
Author: Mr.John Kiff
Publisher: International Monetary Fund
Published: 2020-06-26
Total Pages: 66
ISBN-13: 151354778X
DOWNLOAD EBOOKThis paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. This paper makes a contribution to the CBDC literature by suggesting a structured framework to organize discussions on whether or not to issue CBDC, with an operational focus and a project management perspective.