Project

Digital Fiat Currency

Money is at the heart of the financial system—its most basic element. Fundamental reform of the system starts with addressing how money works today and how it could work in the future. The emergence of digital currency has led several central banks to consider how this new technology affects their ability to discharge their mandates. One of the most significant questions is whether digital versions of fiat currencies can be issued and what the role of the central bank should be in a financial system being changed by new technology.

We are working to address some of the fundamental questions which need to be addressed to bring about this reformation of the financial system.

Money is at the heart of the financial system—its most basic element. Fundamental reform of the system starts with addressing how money works today and how it could work in the future. The emergence of digital currency has led several central banks to consider how this new technology affects their ability to discharge their mandates. One of the most significant questions is whether digital versions of fiat currencies can be issued and what the role of the central bank should be in a financial system being changed by new technology.

We are working to address some of the fundamental questions which need to be addressed to bring about this reformation of the financial system.