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

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: