A Survey of Research on Retail Central Bank Digital Currency

Kiff, John; Alwazir, Jihad; Davidovic, Sonja; Farias, Aquiles; Khan, Ashraf; Khiaonarong, Tanai; Malaika, Majid; Monroe, Hunter; Sugimoto, Nobu; Tourpe, Hervé; Zhou, Peter

doi:10.2139/ssrn.3639760

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A Survey of Research on Retail Central Bank Digital Currency

66 Pages Posted: 24 Jul 2020

See all articles by John Kiff

John Kiff

Satoshi Capital Advisors; Sovereign Official Digital Association (SODA)

This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. This paper makes a contribution to the CBDC literature by suggesting a structured framework to organize discussions on whether or not to issue CBDC, with an operational focus and a project management perspective.

Keywords: money, monetary policy, central bank digital currency

JEL Classification: E51, E52, E58

Suggested Citation: Suggested Citation

Kiff, John and Alwazir, Jihad and Davidovic, Sonja and Farias, Aquiles and Khan, Ashraf and Khiaonarong, Tanai and Malaika, Majid and Monroe, Hunter and Sugimoto, Nobuyasu and Tourpe, Herve and Zhou, Zhongyong, A Survey of Research on Retail Central Bank Digital Currency (July 1, 2020). Available at SSRN: https://ssrn.com/abstract=3639760 or http://dx.doi.org/10.2139/ssrn.3639760

John Kiff (Contact Author)

Satoshi Capital Advisors ( email )

85 Broad Street
Floor 17
New York, NY New York 10004
United States

Sovereign Official Digital Association (SODA) ( email )

15976 Woodgrove Road
Purcellville, VA 20132
United States
5714982777 (Phone)