A recent increase in interest has seen many countries bring forward analysis and trials for central bank digital currencies (CBDCs). Given the complexities involved, we ask: why the rush?
The fast view
While central bankers have been researching central bank digital currencies (CBDCs) for several years, interest has picked up notably in recent months with many major countries bringing forward analysis and trials. Given the complexities involved and the potential seismic changes to the financial system their issuance could herald, why the rush?
Authors
Sahil Mahtani, Strategist, Investment Institute
Alice Timperley, Analyst
Russell Silberston, Investment Specialist, Macro-economic and policy research