Author Archives: Kairong Xiao

How Might Central Bank Digital Currency Affect Banks?  

By | July 5, 2022

Central banks around the world either have issued or are considering the issuance of a central bank digital currency (CBDC). While most modern transactions take place digitally, a CBDC differs from existing digital money such as bank deposits because a CBDC is a direct liability of the central bank, rather than of a commercial bank.… Read More »