Digital Base Money: a few considerations from a central bank’s perspective
There are many ways to design Digital Base Money (DBM) for non-banks. The different options have potential impacts – both positive and negative – that need to be studied and considered carefully. Only when the best way of designing DBM has been identified, can a decision be made as to whether DBM of...
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| Format: | Article ou chapitre numérique |
| Sprog: | Français |
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2017
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| Online adgang: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Summary: | There are many ways to design Digital Base Money (DBM) for non-banks. The different options have potential impacts – both positive and negative – that need to be studied and considered carefully. Only when the best way of designing DBM has been identified, can a decision be made as to whether DBM of non-banks should be introduced at all.The most important question for the European Central Bank is whether introducing a DBM would affect our ability to honor our mandate to maintain price stability. |
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