CBDCs could limit bank runs, US paper argues

digital-currency

Well-designed central bank digital currencies (CBDCs) could improve financial stability, says a paper published by the US Office of Financial Research.

Todd Keister and Cyril Monnet’s paper, Central Bank Digital Currency: Stability and Information, argues against the belief a CBDC would create runs on banks and other financial institutions. The authors say their paper is the first research to study how a CBDC would affect the timing of a policy response to a financial crisis.

Keister is a

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: