Staff research

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Blockchain Revolution Without the Blockchain

Staff analytical note 2018-5 Hanna Halaburda
The technology behind blockchain has attracted a lot of attention. However, this technology is for the most part not well understood. There is no consensus on what benefits it may bring or on how it may fail.

Central Bank Digital Currencies: A Framework for Assessing Why and How

Staff discussion paper 2016-22 Ben Fung, Hanna Halaburda
Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the economy, the financial system and central banks.