Kevin Rutter
More from this author
808, 2017
Give Commercial Banks Some Credit: Commercial Bank Money, Cryptocurrencies, and CBDC Regimes
The potential benefits that distributed ledger technology can bring to payments within regulated regimes have led to increased interest in DLT from central banks around the word. When considering the potential impact and applications of cryptocurrencies and central bank-issued digital currencies (CBDCs), however, an understanding of commercial bank money and credit creation is imperative.