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Discussion Paper

Comparing Means of Payment: What Role for a Central Bank Digital Currency?


Abstract: This paper looks at the potential benefit that a central bank digital currency (CBDC) could provide in the context of existing payment mechanisms. Central banks today provide the primary payment mechanisms for trade and commerce: cash, used by the public, and electronic payment services, used by eligible financial institutions.

https://doi.org/10.17016/2380-7172.2739

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/comparing-means-of-payment-what-role-for-a-central-bank-digital-currency-20200813.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-08-13

Number: 2020-08-13-2