This dissertation studies issues related to digital currencies and monetary policy. In
particular, it analyzes the determinants of the monetary policy of the European Central Bank …

Issuing retail central bank digital currencies (CBDCs) is likely to become a necessity to
preserve access to public money in an increasingly digital economy, by offering the …

The advent of crypto-assets, notably Bitcoin and the underlying blockchain technology
introduced in 2009, has increased interest among academic scholars and industry …

If you haven't heard about central bank digital currencies (CBDCs) before, you're not alone.
However, it's fascinating to discover that CBDCs have become a captivating topic in the …

Development of digitalization is inevitable, and the popularity of cash is declining.
Digitalization, however, brings many challenges in terms of payment methods. One future …

Remarks by Agustín Carstens, General Manager, Bank for International Settlements at the
Hoover Institution policy seminar, Basel, 27 January 2021

The considerable deployment of central bank digital currencies (CBDCs) is imminent, as its
interest has attracted the whole world. However, CBDCs faces several political …

In spite of a still very low volume at the global level, in comparison with the main reserve
currencies, digital currencies attract a lot of attention. The paper reminds that it is above all …

The value of global cashless payments has been radically increasing worldwide. Despite
cash being the most used payment instrument in the world, technological innovation and …

The ubiquitous digitalization and implementation of the whole array of technological
innovations are not the features of only commercial part of the financial system. Also public …