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CBDC – in a whirlpool of discussion

Author

Listed:
  • Aiste Juskaite

    (Bank of Lithuania)

  • Sigitas Siaudinis

    (Bank of Lithuania)

  • Tomas Reichenbachas

    (Bank of Lithuania)

Abstract

The topic of central bank digital currency (henceforth - CBDC) has recently gained significant share of attention among policy makers and academics. A wide range of CBDC setups are discussed from the universally accessible central bank accounts or digital tokens to less extreme suggestions of only partly broadening central bank balance sheet access by providing CBDC to wholesale consumers or getting private sector to mediate in the process by providing synthetic CBDC. This paper recalls the possible CBDC implementation types that are discussed in the current context; reviews some of the discussions among those researching the topic; gives a brief overview of the next-step initiatives taking place among central banks with a potential to lay ground for the practical CBDC implementation; and discusses the main policy implications from financial stability and monetary policy perspectives.

Suggested Citation

  • Aiste Juskaite & Sigitas Siaudinis & Tomas Reichenbachas, 2019. "CBDC – in a whirlpool of discussion," Bank of Lithuania Occasional Paper Series 29, Bank of Lithuania.
  • Handle: RePEc:lie:opaper:29
    as

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    References listed on IDEAS

    as
    1. Brunnermeier, Markus K. & Niepelt, Dirk, 2019. "On the equivalence of private and public money," Journal of Monetary Economics, Elsevier, vol. 106(C), pages 27-41.
    2. A. Stevens, 2017. "Digital currencies : Threats and opportunities for monetary policy," Economic Review, National Bank of Belgium, issue i, pages 79-92, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    LBChain; LBCoin; central bank digital currency (CBDC);

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