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Multi-CBDC arrangements and the future of cross-border ...

the opportunities central bank digital currencies (CBDCs) might bring to cross-border payments (Carstens (2020 (a, b), 2021), Group of central banks (2020) and Graph 1, right-hand panel). CBDCs are a widely researched new form of digital central bank money, which are just starting to be issued and piloted in some jurisdictions.3

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