Central bank digital currency of no benefit to financial stability – RBNZ research

rbnz1
Reserve Bank of New Zealand

An economist from the Reserve Bank of New Zealand finds there are no financial stability benefits when issuing a central bank digital currency.

In the latest of a series of research, Amber Wadsworth evaluates the pros and cons of issuing a CBDC. For financial stability, key concerns are an increase in operational costs, the risk of bank runs and a reduction in the resilience of the sector.

“A central bank-issued currency introduces some costs to financial stability,” Wadsworth says. Banks

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: