Rethinking the Rise of Global Central Bank Digital Currencies: A Policy Perspective

This article discusses the impact of central bank digital currency(CBDC) from the perspective of monetary and fiscal policy. We mainly discuss how retail CBDC can improve traditional policy performance. We argue that A CBDC helps existing monetary policies to break through the zero lower bound, shor...

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Bibliographic Details
Main Authors: Chen Gengxuan, Jia Qinmin, Ling Hao
Format: Article
Language:English
Published: Editorial Department of Contemporary Social Sciences 2023-01-01
Series:Contemporary Social Sciences
Online Access:https://ddsk.publish.founderss.cn/previewFile?id=60218504&type=pdf&lang=en