Journal article
Digitales Zentralbankgeld als neues Instrument der Geldpolitik



Publication Details
Authors:
Hanl, A.; Michaelis, J.
Publication year:
2019
Journal:
Wirtschaftsdienst, Zeitschrift für Wirtschaftspolitik
Pages range:
340-347
Volume number:
99
Issue number:
5

Abstract

Digitalization increasingly replaces the demand for cash and leads to a privatization of payment systems. A recently discussed central bank reaction is central bank digital currency. This article discusses the concept, design options, the implementation into the monetary policy framework, and the macroeconomic consequences of a central bank digital currency.


Last updated on 2019-08-07 at 09:57