Central Bank Digital Currency

Impact on monetary policy & control

This article explores the effects of digital currency issued by central banks focusing on monetary policy and control aspects of Central Bank Digital Currency(CBDC).

The media and methods of value transfer affect all of us. Because of this fact, a lot of human effort has been spent on this subject. Proposals for a digital currency without intermediaries have also been looked at before the advent of Bitcoin, like eCash by David Chaum. Bitcoin had the first success in creating a borderless currency, the combination of…