ECB paper offers tiering solution to CBDC structural concerns

Two tiers

A paper published by the European Central Bank suggests a “two-tiered remuneration” system could solve some of the biggest structural problems associated with issuing a central bank digital currency (CBDC).

Over the past few years, central banks have explored the possibility of issuing digital central bank money. How this asset would behave during a crisis period and whether it would lead to disintermediation within the banking sector emerged as the two key concerns for regulators.


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:

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: