Some error occured while loading the Quick View. Please close the Quick View and try reloading the page.
The advent of digital stablecoins and the continuing decline of cash are prompting central banks across the world to explore developing their own digital currencies. Although few have launched so far, the potential for central bank digital currency (CBDC) promises a revolution in banking.
Michael Lloyd considers the opportunities and threats that the arrival of CBDCs will have for commercial banking and the world’s monetary system. The choices facing central banks regarding the use, design and technology of digital currencies are examined as well as the potential impacts on consumer security and privacy.
This book deals with an important and topical matter: central bank digital currencies. It provides sophisticated yet understandable insights into the world of cryptocurrencies, which have profound implications not only for the stability of the global monetary and financial systems, but also for the well-being of ordinary citizens.
Introduction
1. Central banks consideration of retail and wholesale CBDCs
2. The domestic monetary and legal implications of CBDCs
3. Choices of technology for CBDCs
4. The impact on the commercial banking sector
5. The impact of CBDCs: the regional and international nexus
6. The future of money: the next decade
Appendix