Assessing the Case for Retail CBDCs: Central Banks’ Considerations

Abstract: Many central banks around the world have been researching, experimenting, or developing central bank digital currencies (CBDCs). Although central banks in several emerging markets and developing economies have implemented or plan to implement a general-purpose, or retail, CBDC to promote financial inclusion and improve their payment systems, central banks in many advanced economies have not yet found a compelling case for a retail CBDC.

Keywords: Central Bank Digital Currencies (CBDCs); Payments; Central banking;

JEL Classification: E42; E58;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2022-05-26

Issue: May 26, 2022

Pages: 7