Description
TL;DR: A compact CBDC economics abstract asking which policy instruments remain available when the public can hold electronic central-bank money directly.
About This Document
Jack Meaning, Emily Clayton, and Ben Dyson describe a central-bank digital currency as widened access to an electronic central-bank liability. They consider quantity and interest-rate tools, pass-through from policy rates, competition in deposits and credit, and the possible effectiveness of quantitative easing. The file is an extended abstract rather than the full underlying analysis.
Why Bitcoin People May Care
This is not a Bitcoin paper. CBDCs and Bitcoin both force questions about digital money, but they differ sharply in issuer, governance, monetary discretion, access, and surveillance. The abstract is useful as a concise statement of the central-bank case and its policy mechanics. It reflects 2017 analysis, not an implemented CBDC design, current central-bank position, or financial advice.
What You Receive
Purchase reveals the verified preserved PDF location for this document.
Document Details
- Title: Broadening Narrow Money with a Central Bank Digital Currency
- Author / organization: Jack Meaning, Emily Clayton, and Ben Dyson
- Year: 2017
- Language: English
- Document type: Monetary-policy extended abstract
- Pages: 1
CacheRat provides researched source-location and document-identification information. CacheRat does not claim ownership of the underlying third-party documentation.
