Bank of England Urge Central Banks to Create Their Own Digital Currencies

‘In a research paper published on Monday, John Barrdear and Michael Kumhof, economists at the Bank of England, call for central banks to issue their own digital currencies, along the line of Bitcoin.
They based their advocacy on the idea that “reductions in real interest rates, distortionary taxes, and monetary transaction costs” would boost the economy of the US, for example, by, get this, a permanent 3%.
Part of their argument is based on the view that central bankers using digital currency would have a more effective tool to tame financial booms and busts.’
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