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Working Paper 23711. DOI 10.3386/w23711. Issue Date August 2017. We consider how a central bank digital currency (CBDC) could transform all aspects of the monetary system and facilitate the systematic and transparent conduct of monetary policy. In particular, we find that CBDC can serve as a practically costless medium of exchange, secure store ...
- Michael D Bordo, Andrew T Levin
- 2017
7 See He et al. (2017). 8 See Barrdear and Kumhof (2016). 9 Goodfriend (2000, 2016), Buiter (2009), Agarwal and Kimball (2015), and Pfister and Valla (2017) discuss the merits of eliminating the effective lower bound on nominal interest rates. 10 For example, as noted by Dyson and Hodgson (2017), funds could be deposited directly into the CBDC
- 513KB
- Michael D Bordo, Andrew T Levin
- 32
- 2017
Aug 21, 2017 · 32 Pages Posted: 21 Aug 2017 Last revised: 16 Apr 2023. See all articles by Michael D. Bordo Michael D. Bordo. ... Bordo, Michael D. and Levin, Andrew T., Central ...
- Michael D. Bordo, Michael D. Bordo, Andrew T. Levin
- 2017
The ACM A. M. Turing Award is an annual prize given by the Association for Computing Machinery (ACM) for contributions of lasting and major technical importance to computer science. [2] It is generally recognized as the highest distinction in the field of computer science and is often referred to as the " Nobel Prize of Computing ".
Michael D. Bordo & Andrew T. Levin, 2019. "Digital Cash: Principles & Practical Steps," NBER Working Papers 25455, National Bureau of Economic Research, Inc. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777. A. Stevens, 2017.
The Edgar Allan Poe Awards, popularly called the Edgars, are presented every year by the Mystery Writers of America [1] which is based in New York City. [2] Named after American writer Edgar Allan Poe (1809–1849), a pioneer in the genre, the awards honor the best in mystery fiction , non-fiction , television , film , and theater published or produced in the previous year.
the European Central Bank (Mersch 2017) and Norges Bank (Nicolaisen 2017). 16. See McCallum (2015) and Weber (2016). As of July 2017, the market capitaliza-tions for Bitcoin, Etherium, and Ripple were about $42 billion, $25 billion, and $9 billion, respectively, and the year- to- date changes in their unit prices were roughly 250 percent,
