Old dogs, new tricks: adapting central bank balance sheets to a world of digital currencies

Andrew Hauser of Bank of England in this speech analyses how a proposed CBDC will impact balance sheet of Bank of England:

Up to now, though, there’s been less discussion about how central bank balance sheets might need to adjust to support the safe and effective provision of fiat-based digital currencies. This workshop is therefore well timed. I will focus my remarks today around five main messages.

1. Retail CBDCs could be a big deal for central bank balance sheets

2. Stablecoins that are truly stable may have much the same impact

3. Digital currencies may alter the transmission mechanism for monetary policy

4. Digital currencies may affect the way central banks deliver monetary control

5. Digital currencies may alter the size and composition of central bank assets

One Response to “Old dogs, new tricks: adapting central bank balance sheets to a world of digital currencies”

  1. Old dogs, new tricks: adapting central bank balance sheets to a world of digital currencies - Daily News DOT Says:

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