Usher, Andrew; Reshidi, Edona; Rivadeneyra, Francisco; … - 2021
In this paper we discuss the competition and innovation arguments for issuing a central bank digital currency (CBDC). A … CBDC could be an effective competition policy tool for payments. On innovation, we argue that a CBDC could be necessary to … support the vibrancy of the digital economy by helping solve market failures and fostering competition and innovation in new …