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Home > Research > Central Bank Digital Currencies: Implications for Monetary and Financial Stability - 20 & 21 November, 2017
 

Central Bank Digital Currencies: Implications for Monetary and Financial Stability - 20 & 21 November, 2017

20 November 2017

A Central Bank Digital Currency (CBDC) would offer universal, electronic, 24x7, sterling-denominated and potentially interest-bearing access to the Bank of England’s balance sheet. The introduction of a CBDC could give households and firms the ability to store value and make electronic payments using central bank money. This may provide central banks with new ways to manage monetary policy and financial stability, but it also poses new risks.

The Bank of England is undertaking a multi-year research programme to assess the benefits, costs, opportunities and risks of introducing a CBDC. As a central bank, we are concerned with the impact of a CBDC on our primary objectives for monetary stability and financial stability. This work is a contribution towards the core research theme 5 (“Response to Fundamental Change”) of the BoE’s One Bank Research Agenda.

Against this background, we are organising a conference on Central Bank Digital Currencies: Implications for Monetary and Financial Stability, on November 20-21, 2017 at the Bank of England in London, UK. The conference will be hosted by Victoria Cleland, Chief Cashier and Ben Broadbent, Deputy Governor for Monetary Policy, and will bring together researchers from academia, central banks, and other non-academic research institutions.

This conference is invitation only. To express an interest in attending please email cbdcconference@bankofengland.co.uk with your name and institution.

Call for Papers - Deadline for Extended Abstracts:  May 1, 2017


Key Dates

• May 1st, 2017: submission deadline
• June 1st, 2017: participant selection
• October 20, 2017: submission of papers
• November 20-21, 2017: conference
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