A Survey of Research on Retail Central Bank Digital Currency

• Author(s): Mr.John Kiff, Jihad Alwazir, Sonja Davidovic, Aquiles Farias, Mr.Ashraf Khan, Mr.Tanai Khiaonarong, Majid Malaika, Mr.Hunter K Monroe, Nobu Sugimoto, Hervé Tourpe, Peter Zhou,
• Publisher: International Monetary Fund
• Pages: 66
• ISBN_10: 151354778X
  ISBN_13: 9781513547787
  
• Language: en
• Categories: Business & Economics / Industries / Financial Services , Business & Economics / Banks & Banking , Business & Economics / Money & Monetary Policy ,

Description:... This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. This paper makes a contribution to the CBDC literature by suggesting a structured framework to organize discussions on whether or not to issue CBDC, with an operational focus and a project management perspective.