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    Central Bank Digital Currencies: assessing implementation possibilities and impacts

    Published on Wednesday, March 29, 2017 | Updated on Sunday, May 13, 2018

    Document number 17/05

    Central Bank Digital Currencies: assessing implementation possibilities and impacts

    Summary

    Following advances in the distributed ledger technology, central banks are assessing the issuance of digital currency. There's a range of possible schemes to adopt depending on which features of cash to hold: universality, anonymity and non-yield bearing. We analyze opportunities and challenges of 4 key schemes, that support a strategy of gradual testing and implementation

    Geographies

    Authors

    Olga Gouveia BBVA Research - Lead Economist
    Enestor Dos Santos BBVA Research - Principal Economist
    Santiago Fernández de Lis BBVA Regulation - Head of Regulation
    Alejandro Neut BBVA Research - Lead Economist
    Javier Sebastián

    Documents and files


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    Report (PDF)

    1705_WP_CBDC_mod

    Spanish - March 29, 2017

    Report (PDF)

    WP_CBDC_mod

    English - March 29, 2017

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