Digital Central Bank Money and the Unbundling of the Banking Function
Innovations in digital payment technologies and digital currencies suggest that extending access to central bank money (CBM) to firms and individuals is now feasible. This paper focuses on a recent related debate regarding alternative organizational models for the payment system and their implications for the banking industry. One of the main conclusions is that extended access to CBM will likely create a centrifuge force in the financial system that might result in the unbundling of the banking functions.
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| Format: | Discussion Papers & Presentations biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Commercial Bank, Financial System, Digital Currency, Central Bank Money, Banking Function, Digital Payment, E51 - Money Supply • Credit • Money Multipliers, E58 - Central Banks and Their Policies, central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech, |
| Online Access: | http://dx.doi.org/10.18235/0007008 https://publications.iadb.org/en/digital-central-bank-money-and-unbundling-banking-function |
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dig-bid-node-124392024-05-30T19:40:38ZDigital Central Bank Money and the Unbundling of the Banking Function 2016-04-26T00:00:00+0000 http://dx.doi.org/10.18235/0007008 https://publications.iadb.org/en/digital-central-bank-money-and-unbundling-banking-function Inter-American Development Bank Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech Innovations in digital payment technologies and digital currencies suggest that extending access to central bank money (CBM) to firms and individuals is now feasible. This paper focuses on a recent related debate regarding alternative organizational models for the payment system and their implications for the banking industry. One of the main conclusions is that extended access to CBM will likely create a centrifuge force in the financial system that might result in the unbundling of the banking functions. Inter-American Development Bank Juan Antonio Ketterer Gabriela Andrade Discussion Papers & Presentations application/pdf IDB Publications en |
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biblioteca |
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Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech |
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Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech Inter-American Development Bank Digital Central Bank Money and the Unbundling of the Banking Function |
| description |
Innovations in digital payment technologies and digital currencies suggest that extending access to central bank money (CBM) to firms and individuals is now feasible. This paper focuses on a recent related debate regarding alternative organizational models for the payment system and their implications for the banking industry. One of the main conclusions is that extended access to CBM will likely create a centrifuge force in the financial system that might result in the unbundling of the banking functions. |
| author2 |
Juan Antonio Ketterer |
| author_facet |
Juan Antonio Ketterer Inter-American Development Bank |
| format |
Discussion Papers & Presentations |
| topic_facet |
Commercial Bank Financial System Digital Currency Central Bank Money Banking Function Digital Payment E51 - Money Supply • Credit • Money Multipliers E58 - Central Banks and Their Policies central bank digital currencies;central bank money;payment systems;virtual currencies;unbundling banks;narrow banks;FinTech |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Digital Central Bank Money and the Unbundling of the Banking Function |
| title_short |
Digital Central Bank Money and the Unbundling of the Banking Function |
| title_full |
Digital Central Bank Money and the Unbundling of the Banking Function |
| title_fullStr |
Digital Central Bank Money and the Unbundling of the Banking Function |
| title_full_unstemmed |
Digital Central Bank Money and the Unbundling of the Banking Function |
| title_sort |
digital central bank money and the unbundling of the banking function |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0007008 https://publications.iadb.org/en/digital-central-bank-money-and-unbundling-banking-function |
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AT interamericandevelopmentbank digitalcentralbankmoneyandtheunbundlingofthebankingfunction |
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