Fed paper looks at different CBDC types

Federal Reserve

A central bank-issued digital currency’s possible advantages over current payment systems could depend on what archetype is selected, research published by the Federal Reserve finds.

“Central banks will need to decide which features a CBDC should improve upon and choose the archetype that can best achieve these goals,” Paul Wong and Jesse Maniff say.

Wong and Maniff compare “cash equivalent”, “account-based” and “hybrid” CBDCs against cash and real-time gross settlement (RTGS) systems. They

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.

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 individual account here: