The macroeconomics of central bank issued digital currencies - Bank of England Report

in #steem8 years ago (edited)


From our friends at Coindesk

The Bank of England has released new research suggesting that a central bank-issued digital currency could lead to an increase in gross domestic product. The conclusions were drawn from a working paper published today that examined how a central bank-backed digital currency (referred to as a CBDC in the paper) could yield macroeconomic benefits, while providing banking regulators a clearer picture of the financial system.

The full report is linked in the article, and is also available via Scribd