Transcription of Working Paper Series
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Working Paper Series Tiered CBDC and the financial system Ulrich Bindseil Disclaimer: This Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB. No 2351 / January 2020 Abstract IT progress and its application to the financial industry have inspired central banks and academics to analyse the merits of central bank digital currencies (CBDC) accessible to the broad public. This Paper first reviews the advantages and risks of such CBDC.
Working Paper Series . Ulrich Bindseil . Tiered CBDC and the financial system . Disclaimer: This paper should not be reported as representing the views of the European Central Bank
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