The response has been a flurry of research into central bank digital currencies (CBDCs). According to a recent survey by the Bank for International Settlements (BIS), 86 percent of the 65 central ...

Philip Lane, chief economist of the European Central Bank, recently expressed urgency for the need to develop a digital euro—also known as a central bank digital currency (CBDC)—to compete ...

The People’s Bank of China (PBOC) announced that it would start testing its own central bank digital currency (CBDC), a first for a major economy. Government employees in four cities were paid in ...

CBDCs or central bank digital currencies are increasingly being studied by entities such as the Bank of Canada for their ...

A 2024 survey by the Bank for International Settlements revealed that 94% of central banks are working on CBDCs, with 11 countries having already launched their own digital currencies.

To estimate the potential impact a central bank digital currency (CBDC) could have on bank liquidity, we use pre-pandemic data (January 2020) to perform a hypothetical exercise under four increasingly ...

1 This suggests that such point-of-sale (POS) transactions are critical for the relevance of a central bank digital currency (CBDC). This note summarizes recent research on the impact a CBDC could ...