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Philadelphia Fed Publishes Paper on Central Bank Digital Currencies

Philadelphia Fed Publishes Paper on Central Bank Digital Currencies

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FintechUSA
··1 min read

The Federal Reserve Bank of Philadelphia has published a paper titled, Central Bank Digital Currency: Central Banking for All?; in this paper the authors put forward the idea that central banks may become “deposit monopolists”, dramatically impacting the operations of commercial banks that rely on deposits as a cheap source of capital; it could mean that the central bank will compete with these banks for deposits and that consumers and businesses could hold their deposits directly with the central bank; the report makes many assumptions that may or may not come true but it provides for an interesting initial take on central bank digital currencies. CrowdFund Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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