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This study examines how blockchain and digital currency have affected the supply of credit and financial stability. It … that most industries do not require central banks and, instead, concentrate on modern digital currency and blockchain …, central banks should adopt digital currency and blockchain with an online technological payment strategy in order to enhance …
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Most central banks in advanced economies consider issuing central bank digital currencies (CBDCs) to address the declining use of cash and to position themselves against increased competition from Big Tech companies, cryptocurrencies, and stablecoins. One crucial design dimension of a CBDC...
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There are increasingly many digital alternatives to physical cash as basic means of payment, many of these offered by non-financial private sector actors. While such a trend towards a cashless society brings the convenience of digital payments to users and can encourage innovation in financial...
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