Interoperable Payment Systems and the Role of Central Bank Digital Currencies
5 Pages Posted: 25 May 2020
Date Written: May 18, 2020
Abstract
I explain the meaning of an interoperable payment system and why interoperability is crucial for efficiency. I review some alternative approaches to interoperability, including central bank digital currencies (CBDCs), hybrid CBDCs, and two-ledger upgrades of bank-based payment systems.
Keywords: Digital currency, payment system, interoperability
Suggested Citation: Suggested Citation
Duffie, James Darrell, Interoperable Payment Systems and the Role of Central Bank Digital Currencies (May 18, 2020). Stanford University Graduate School of Business Research Paper No. 3867, Available at SSRN: https://ssrn.com/abstract=3604665 or http://dx.doi.org/10.2139/ssrn.3604665
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.