Central banks issuing their own digital currencies (on blockchains, naturally) is an idea currying ever more favour in high-brow economic and banking circles.
Fedcoin. BoEcoin. ECBcoin. They’re all (allegedly) at it — or at the very least contemplating the idea as a work-around to the zero lower bound and other niggling monetary problems.
This month the BoE issued a paper on the topic entitled “The macroeconomics of central bank issued digital currencies. A related blog “Central bank digital currency: the end of monetary policy as we know it?” was published this week. But if you Google “central bank blockchain” you’ll find a gazillion references or more from all over the world talking about the subject.Continue reading: Cbank digital currencies and the path to Gosbankification