Report

Central bank digital currencies: motives, economic implications and the research frontier

Bank of International Settlements
November 4, 2021

by Raphael Auer, Jon Frost, Leonardo Gambacorta, Cyril Monnet, Tara Rice and Hyun Song Shin
The paper gives a guided tour of the growing literature on the operational architectures for CBDCs, focusing on the technologies and the implications for privacy.

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