Fed paper looks at the potential effects of CBDC on monetary policy - BitcoinEthereumNews.com
TeknolohiyaTinitingnan ng Fed paper ang mga potensyal na epekto ng CBDC sa patakaran sa pananalapi06 / 01 / 2022Balita ng Ethereum ng Bitcoin On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.” The paper considered four scenarios that illustrate the potential effects of a tingian CBDC on monetary policy from the perspective of three stakeholder groups: the Fed, commercial banks and U.S. households. The first scenario involved exchanging cash for CBDC, which affected the categorization of assets at the Fed and in the household involved but had no effects on policy implementation. The following three scenarios showed a cascading effect that began with individuals withdrawing a CBDC from a commercial bank when the money had been deposited as cash. Assuming fixed-bank demand for reserves, the scenarios went on to discuss commercial banks reaction to the reduction in cash reserves resulting from CBDC withdrawals. If those withdrawals lead to a shortfall in reserves, banks have the choice of offloading certain securities or loans to build