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Central bank digital currency in an historical perspective

Monetary transformations through history have been driven by changing technology, changing tastes, economic growth, and the demands to effectively satisfy the functions of money. This column argues that technological change in money and finance is inevitable, driven by the financial incentives of a market economy, and identifies four key lessons central banks could learn from
United Kingdom United States Adam Smith International Monetary Fund Central Bank Digital Currency Federal Reserve Bank
Source: voxeu.org

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