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How would a Central Bank Digital Currency Affect Financial Stability?

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  • Todd Keister

Abstract

A well-designed central bank digital currency may enhance rather than weaken financial stability, according to an OFR working paper released in July. As central banks consider whether the benefits of creating digital cash outweigh the risks, the paper finds that at least one risk—bank runs—is not as big as initially feared.

Suggested Citation

  • Todd Keister, 2022. "How would a Central Bank Digital Currency Affect Financial Stability?," The OFR Blog 22-06, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:ofrblg:22-06
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    File URL: https://www.financialresearch.gov/the-ofr-blog/2022/08/08/how-would-a-central-bank-digital-currency-affect-financial-stability/
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    Cited by:

    1. Meng, Yuqun & Wu, Junxian & Tu, Yongqian, 2024. "Central bank digital currency, financial technology level and regional financial stability," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    2. Huseyin Oguz Genc & Soichiro Takagi, 2024. "A literature review on the design and implementation of central bank digital currencies," International Journal of Economic Policy Studies, Springer, vol. 18(1), pages 197-225, February.
    3. Christoph Wronka, 2023. "Central bank digital currencies (CBDCs) and their potential impact on traditional banking and monetary policy: an initial analysis," Digital Finance, Springer, vol. 5(3), pages 613-641, December.

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