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This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and reputational risks for central banks. While the appropriate design of the legal framework will...
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The publication of liquidity forecasts can be understood as part of central banks' push toward greater transparency … regarding monetary policy implementation. However, the advantages of transparency can only be realized if the information …
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