Central Bank digital currencies: features, options, pros and cons
Published on Thursday, March 7, 2019
Document number 19/04
Central Bank digital currencies: features, options, pros and cons
Summary
The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.
Geographies
- Geography Tags
- Global
Topics
Authors
Santiago Fernández de Lis
BBVA Regulation - Head of Regulation
Olga Gouveia
BBVA Research - Lead Economist
Documents and files
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