from Liberty Street Economics
– this post authored by Tobias Adrian, Michael Lee, Tommaso Mancini-Griffoli, and Antoine Martin
Recent developments in payments technology raise important questions about the role of central banks either in providing a digital currency themselves or in supporting the development of digital currencies by private actors, as some authors of this post have discussed in a recent IMF blog post. In this post, we consider two ways a central bank could choose to become involved with digital currencies and discuss some implications of these potential choices.
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