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“Digitales Notenbankgeld – und nun? (CBDC—What Next?),” FuW, 2021

Summary:
Finanz und Wirtschaft, December 8, 2021. PDF. I draw some conclusions from the CEPR eBook on CBDC, namely: Banks will change, whatever happens to CBDC. The main risk of retail CBDC is not bank disintermediation. CBDC may not be the best option even if it has net benefits. It should be for parliaments and voters, not central banks, to decide about the introduction of CBDC. [embedded content] You Might Also Like SNB-Vize Fritz Zurbrügg tritt Ende Juli 2022 zurück 2021-12-07 Fritz Zurbrügg (links) tritt Ende Juli 2022 zurück. Andréa M. Maechler (rechts) dürfte ihm als Direktorin des III. ins II. Departement folgen. (Bild: PD)Fritz Zurbrügg leitete zunächst das III. Departement (Finanzmärkte,

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“Digitales Notenbankgeld – und nun? (CBDC—What Next?),” FuW, 2021

Finanz und Wirtschaft, December 8, 2021. PDF.

  • I draw some conclusions from the CEPR eBook on CBDC, namely:
  • Banks will change, whatever happens to CBDC.
  • The main risk of retail CBDC is not bank disintermediation.
  • CBDC may not be the best option even if it has net benefits.
  • It should be for parliaments and voters, not central banks, to decide about the introduction of CBDC.

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Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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