CBDC: changing the geography of central bank money

Mandeng, O. (17 May 2021) CBDC: changing the geography of central bank money. LSE Business Review.
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Central bank money still cannot be used in international payments. But the transactions that are likely to benefit the most from central bank digital currencies (CBDCs) are international wholesale payments, including foreign exchange and securities trading. Ousmène Jacques Mandeng writes that central banks have today a historical opportunity to shape a new format of money.

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