BoE research says digital currency would ‘strengthen’ policy transmission

Bank of England and Stock Exchange
Rachael King

A research paper published by the Bank of England says a central bank digital currency (CBDC) is likely to “strengthen” monetary policy transmission rather than weaken it.

As part of their analysis into a CBDC’s impact on monetary policy, Jack Meaning, Ben Dyson, James Barker and Emily Clayton offer a general definition of the instrument to make the “concept accessible to a wide range of economists and policy practitioners”.

“Central bank digital currency is any electronic, fiat liability of 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.

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: