A Survey of Research on Retail Central Bank Digital Currency

A Survey of Research on Retail Central Bank Digital Currency
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Volume/Issue: Volume 2020 Issue 104
Publication date: June 2020
ISBN: 9781513547787
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English
Summary

This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. This paper makes a contribution to the CBDC literature by suggesting a structured framework to organize discussions on whether or not to issue CBDC, with an operational focus and a project management perspective.