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Central bank digital currencies could drive 'fundamental shift' in banking sector: Philadelphia Fed paper
The Federal Reserve Bank of Philadelphia's research department has published a new working paper focused on central bank digital currencies, exploring the transformative implications for the make-up of the banking sector. As noted in the abstract of the paper – entitled "Central Bank Digital Currency: Central Banking for All?" – a central bank's digital currency could make such an institution more attractive to depositors due to the perceived stability. The idea of a CBDC introducing a degree of competition in the banking system has been raised in the past, including in a December note by the IMF. The ... (full story)
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- Jun 6, 2020 11:22pm Jun 6, 2020 11:22pm
- TudorIoan
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Jun 7, 2020 8:01am Jun 7, 2020 8:01am
- Not-KPMG
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Beware of robber banks (RB), bad advisors.