This study reviews the concepts and features of both central bank and private sector money and focuses on them in selected advanced and emerging economies. As a newly emerged form of private sector money, digital coins (cryptoassets) such as bitcoin have garnered much attention because their...

Part i: Understanding the notion of central bank digital currency -- Chapter 1: Terminology and motives for central bank digital currency -- Chapter 2: Technical design -- Part ii: Analysing the legal aspects of central bank digital currency -- Chapter 3: Monetary constitutional law -- Chapter...

In this study, we provide a systemic perspective on central bank digital currencies (CBDC). We separate existing proposals for CBDCs into the perspective of new payment objects, made available by central banks to a broader public, and new payment systems, operated by central banks. From a...