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The likely impact of central bank digital currencies on quantitative easing

Fraschini, Martina and Somoza, Luciano (2021) The likely impact of central bank digital currencies on quantitative easing. LSE Business Review (27 Apr 2021). Blog Entry.

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Abstract

Many central banks are considering launching digital currencies. Far from a simple technological innovation, central bank digital currencies (CBDC) might persistently alter the size and composition of central bank balance sheets. Martina Fraschini, Luciano Somoza and Tammaro Terracciano analyse the equilibrium effects of the introduction of a CBDC and its interaction with current monetary policies. They show how and when issuing a CBDC might render expansionary policies quasi-permanent.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Authors
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
Date Deposited: 26 May 2021 14:12
Last Modified: 05 Jul 2021 23:29
URI: http://eprints.lse.ac.uk/id/eprint/110561

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