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Old dogs, new tricks: adapting central bank balance sheets to a world of digital currencies - remarks by Andrew Hauser
Given at Federal Reserve Bank of New York and Columbia SIPA
Workshop on ‘Monetary Policy Implementation and Digital Innovation’,
01 June 2022
We’re looking at how a central bank digital currency (CBDC) for the UK might work. Andrew Hauser argues a CBDC could have a big impact on the Bank of England’s balance sheet. We need to understand these impacts, and build them into the design of CBDCs and our operational toolkits.