CBDC Archives - The Money Question

Digital Currency Design Principles

April 5, 2019August 5, 2019

Introduction Central bankers as well as monetary reformers are discussing the introduction of central bank issued digital currency (DC). DC is intended to coexist with bankmoney (sight deposits), both monies circulating side-by-side and in competition with each other, similar to the familiar coexistence of bankmoney with traditional cash. Money users … Continue ReadingDigital Currency Design Principles

Where are we now? The current state of research and next steps

January 31, 2019August 5, 2019

What have we achieved by studying full-reserve banking? And what remains to be done in the future? By focusing on conceptual work, economic modelling and empirical research, I try to provide an answer. Just recently, I finished a doctoral dissertation that focused on full-reserve banking. More precisely, I studied historical … Continue ReadingWhere are we now? The current state of research and next steps