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Should the Fed Issue Digital Currency?

Author

Listed:
  • Jessie Romero
  • Zhu Wang
  • Russell Wong

Abstract

The United States might benefit from eventually replacing most physical cash with central bank digital currency (CBCD), but first the Federal Reserve must resolve several key policy and implementation issues, such as establishing comparative advantage over private issuers and ensuring safety and soundness.

Suggested Citation

  • Jessie Romero & Zhu Wang & Russell Wong, 2021. "Should the Fed Issue Digital Currency?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 21(10), March.
    • Handle: RePEc:fip:fedreb:92712
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2021/eb_21-10
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    Keywords

    Banking and Finance; Digital Currency;

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