The Bank of Spain (BDE) recently published a study, through which it joins the existing debate about central bank digital currencies (CBDC), and proposes to “open an orderly discussion” on this issue.
The document seeks to review the reasons that justify the issuance of a CBDC. It also makes a preliminary analysis of the main implications that the issuance of this type of currency could have for central banks.
Juan Ayuso and Carlos Conesa are the authors of the study, titled “An Introduction to the Current Debate on the Central Bank Digital Currency.” In their analysis, they talk about the current motivations that drive the issuance of CBDC.
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