U.S. Office Of Financial Research Publishes Blog Looking At CBDC And The Stability Of The Banking System

Today, the U.S. Office of Financial Research published a blog post elaborating on a recent OFR working paper on central bank digital currency.

The working paper and blog look at how introducing a central bank digital currency (CBDC) would affect the banking system's stability.  As central banks consider whether the benefits of creating digital cash outweigh the risks, the paper finds that at least one risk—bank runs—is not as significant as initially feared. 

The link to the blog post is here.

The OFR home page is: https://www.financialresearch.gov/