C opyright © 2023 by the Centre for International Governance Innovation The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Centre for International Governance Innovation or its Board of Directors. [...] at the Independent Evaluation Group (World Bank Group) and as a member of the executive board of Currently, Bob serves as managing director of the World Bank (in Washington, DC, 2008–2009) digital economy at the Centre for International and of the consultative committee (“Osservatorio”) Governance Innovation (CIGI), where he on the European constitution in Italy’s Ministry leads a network of resea. [...] The speakers discussed the evolving many possible implications of a CBDC include: situation at central banks regarding the possible introduction of a “central bank digital currency” → disintermediation of the banking sector, (CBDC) and the likely impacts on regulation especially in times of market stress; and financial markets, setting the stage for two → conversely, the ability to remunerate a pa. [...] The conference → the rise of competing currencies; was held under the Chatham House Rule.2 → currency substitution nationally and internationally; → the role of the US dollar as a reserve currency; and Discussions → non-banks potentially holding central bank reserves and how they would fit into the There is public confusion about the definition of a monetary policy transmission process. [...] These new forms of “money” used to settle payments or by major e-trade players on Conclusion the market have, on the one hand, created a new layer of money supply, out of the control of any There are many unanswered questions around authority, and on the other, have also created a the potential impacts that a CBDC could bring market where the traditional forms of insurance to the monetary system —.
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