Motives Matter: Examining Potential Tension in Central Bank Digital Currency Designs
Jesse Leigh Maniff · RePEc: Research Papers in Economics · 2020
As a new central bank liability, central bank digital currency (CBDC) has the potential to address various issues within current payments and financial systems. The motivation behind a CBDC will determine how it is designed; a CBDC designed to achieve one goal, such as broader financial inclusion, may have difficulty achieving other objectives.