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money applicable to retail payments. Electronic central bank money would offer the public the possibility to hold central … bank money in a potentially cashless future. In its present form, blockchain technology would probably not be a suitable … solution, since it is unable to process a sufficiently large number of transactions. Electronic central bank money would …
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We study the use of pension funds in the Finnish earnings-related pension system with the aim of smoothing contributions over time under demographic and economic risks. Smoothing is affected by the revisions in long-term forecasts and is thus imperfect. As a partially funded defined-benefit...
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