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OFR reports on CBDC’s potential benefits to banking stability
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Financial Stability, Nonbank Financial
Friday, August 5, 2022
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The Office of Financial Research released a report on the potential effects that a central bank digital currency (CBDC) would have on the stability of the banking system.
The report offers a model designed to capture one of the common concerns raised regarding CBDC policy discussions: the option to hold CBDC can increase the incentive for depositors to run on weak banks.
Read on for more details.
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