Tag Archives: sovereign digital currency

This paper sets out three models of central bank digital currency (CBDC) that differ in the sectors that have access to CBDC. It studies sectoral balance sheet dynamics at the point of an initial CBDC introduction, and of an attempted large-scale run out of bank deposits into CBDC. We find that if the introduction of CBDC follows a set of core principles, bank funding is not necessarily reduced, credit and liquidity provision to the private sector need not contract, and the risk of a...

Rumors confirmed. After months of speculation and conflicting messages, ministers have announced the Russian Federation is to issue its own official cryptocurrency - the CryptoRuble. The landmark development makes Russia the very first government in the world to official pursue virtual tender. China likely not to be far behind.Interesting article. Short and worth a read in full.Sputnik InternationalVladimir Putin Endorses Russia's New Cryptocurrency