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Central Bank Digital Currencies: assessing implementation possibilities and impacts

Published on Wednesday, March 29, 2017 | Updated on Sunday, May 13, 2018

Document number 17/05

Central Bank Digital Currencies: assessing implementation possibilities and impacts

Summary

Following advances in the distributed ledger technology, central banks are assessing the issuance of digital currency. There's a range of possible schemes to adopt depending on which features of cash to hold: universality, anonymity and non-yield bearing. We analyze opportunities and challenges of 4 key schemes, that support a strategy of gradual testing and implementation

Geographies

Authors

Olga Gouveia BBVA Research - Lead Economist
Enestor Dos Santos BBVA Research - Principal Economist
Santiago Fernández de Lis BBVA Regulation - Head of Regulation
Alejandro Neut BBVA Research - Lead Economist
Javier Sebastián

Documents and files


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Report (PDF)

1705_WP_CBDC_mod

Spanish - March 29, 2017

Report (PDF)

WP_CBDC_mod

English - March 29, 2017

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