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BIS Working Papers

BIS Working Papers No 880 Rise of the central bank digital currencies: drivers, approaches and technologies by Raphael Auer, Giulio Cornelli and Jon Frost Monetary and Economic Department August 2020 JEL classification: E58, G21. Keywords: central bank digital currency , CBDC, central banking, digital currency , digital money, distributed ledger technology, blockchain. BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The Papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not necessarily the views of the BIS. This publication is available on the BIS website ( ). Bank for International Settlements 2020. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated.

words/phrases: CBDC; central 2bank digital currency; digital currency and digital money. 12- week moving average of worldwide search interest. The data has been normalised to the 12- week moving average peak of each series. The search was run on search terms “Bitcoin” and “Faceboo k Libra” and topic “Central Bank Digital Currency”.

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