cover image: Positioning Central Bank Digital Currency in the Payments Landscape

20.500.12592/1quex5f

Positioning Central Bank Digital Currency in the Payments Landscape

2 Oct 2024

The IMF is frequently approached by central banks seeking guidance on the balance between central bank digital currency (CBDC), fast payment systems (FPS), and electronic money (e-money) solutions. Common questions arising include: Do central banks need a CBDC when already equipped with other well-established digital payments systems? For central banks with less-developed solutions: Should central banks establish one system over the other? This discussion is then compounded by the reality of constrained resources. A holistic exploration and decision process on the issuance of retail CBDC requires a comprehensive assessment of legal, macro-financial, and operational considerations.
technology infrastructure financial markets money national accounts central bank financial inclusion payment systems monetary base fintech e-money digital currencies digital financial services digital payments central bank digital currencies cbdc fps fast payments

Authors

Manisha Patel, Safari Kasiyanto, Andre Reslow

DOI
https://doi.org/10.5089/9798400289118.063
ISBN
9798400289118
ISSN
2664-5912
Issue
006
Pages
46
Published in
United States of America
Series
Fintech Notes No 2024/006
Stock No
FTNEA2024006
Volume
2024

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