Dollar in the Age of Digital

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Jan 20, 2022 · 2 Mone y and P a yments: The U.S. Dollar in the Age of Digital T ransfor mation. Introduction The F ederal Reser ve is exploring the implications of, and options for , issuing a CBDC. F or the pur-pose of this paper , a CBDC is defined as a digital liability of the F ederal Reser ve that is widely

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