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The hypothetical benefits and risks of central bank digital currencies are being widely discussed. This BIS paper adds to these discussions by taking stock of how progress and plans in this area are developing, based on a global survey of central banks. Responses show that central banks are...
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despite considerable exchange rate pressure and rising inflation. Again, this differs from the response of many Latin American … commodity exporters, who raised policy rates in order to keep inflation expectations anchored. Finally, many African economies …
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