The Fed paper examines the potential impact of a central bank digital currency on monetary policy
On Tuesday, the US Federal Reserve issued a study on the potential impact of the central bank digital currency for retail traders (CBDC) on the implementation of US monetary policy. The April study was a staff working paper titled “Central Bank Retail Banking and US Monetary Policy Implementation: A Stylized Balance Sheet Analysis.”
The paper addressed four scenarios that illustrate the potential impact of Retail CBDC On monetary policy from the perspective of three stakeholders: the Federal Reserve, commercial banks, and US homeowners.
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