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The Digital Blockchain-Euro: Are Central Bank Digital Currencies the Future?

Author

Listed:
  • Manuel Klein
  • Jonas Groß
  • Philipp Sandner

Abstract

Progressive digitalization has now reached the monetary system. The emergence of crypto assets showcases numerous advantages, and these are now to be transferred to the conventional monetary system.

Suggested Citation

  • Manuel Klein & Jonas Groß & Philipp Sandner, 2020. "The Digital Blockchain-Euro: Are Central Bank Digital Currencies the Future?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(03), pages 39-47, March.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:03:p:39-47
    as

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    File URL: https://www.ifo.de/DocDL/sd-2020-03-sandner-gross-klein-blockchain-euro-2020-03-11.pdf
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    References listed on IDEAS

    as
    1. Kumhof, Michael & Noone, Clare, 2018. "Central bank digital currencies - design principles and balance sheet implications," Bank of England working papers 725, Bank of England.
    2. McLeay, Michael & Radia, Amar & Thomas, Ryland, 2014. "Money creation in the modern economy," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 14-27.
    3. Bindseil, Ulrich, 2020. "Tiered CBDC and the financial system," Working Paper Series 2351, European Central Bank.
    4. Codruta Boar & Henry Holden & Amber Wadsworth, 2020. "Impending arrival - a sequel to the survey on central bank digital currency," BIS Papers, Bank for International Settlements, number 107.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jonas Groß & Bernhard Herz & Jonathan Schiller, 2020. "Bitcoin, Libra und digitale Zentralbankwährungen — ein Geldsystem der Zukunft? [Bitcoin, Libra and Central Bank Digital Currencies — Elements of a New Monetary System?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(9), pages 712-717, September.

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    More about this item

    Keywords

    Virtuelle Währung; Währungssystem; Bargeldloser Zahlungsverkehr; Elektronisches Geld; Bitcoin; CBDC;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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