Cookies?
Library Header Image
LSE Research Online LSE Library Services

The likely impact of central bank digital currencies on quantitative easing

Fraschini, Martina, Somoza, Luciano and Terracciano, Tammaro (2021) The likely impact of central bank digital currencies on quantitative easing. USApp – American Politics and Policy Blog (01 May 2021). Blog Entry.

[img] Text (usappblog-2021-05-01-the-likely-impact-of-central-bank-digital) - Published Version
Download (69kB)

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/usappblog/
Additional Information: © 2021 The Authors
Divisions: LSE
Subjects: H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JK Political institutions (United States)
H Social Sciences > HG Finance
Date Deposited: 02 Aug 2021 11:39
Last Modified: 02 Aug 2021 11:39
URI: http://eprints.lse.ac.uk/id/eprint/111413

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics