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Published on Thursday, March 7, 2019

Document number 19/04

Central Bank digital currencies: features, options, pros and cons

The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.

Associated documents for downloading

  • Report (PDF) WP_Monedas-digitales-emitidas-por-bancos-centrales-ICO Spanish March 7, 2019
  • Report (PDF) WP_Central-bank-digital-currencies-ICO English March 7, 2019

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