Bank of Lithuania has published a paper, entitled ‘CBDC: in a whirlpool of discussion’, which analyses design choices as well as monetary policy and financial stability implications. 

The analysis presents the CBDC concept and typology, surveys the existing literature, documents the initiatives undertaken by central banks around the world, and discusses policy implications from the perspectives of monetary policy and financial stability. The paper emphasises that CBDC could promote financial inclusion and cross-border trade, as well as support the economy by providing access to basic payment services and the ultimate safe asset. Yet, certain CBDC designs could contain some risks.

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