"If monetary policy remains a conversation between central banks and financial markets, we shouldn’t be surprised if people don’t trust us" |
Benoît Cœuré
ECB Executive Board December 2019 |
"If monetary policy remains a conversation between central banks and financial markets, we shouldn’t be surprised if people don’t trust us" |
Benoît Cœuré
ECB Executive Board December 2019 |
The existing policy tools, virtually unchanged since the Great Depression, are starting to show their limits. Our Retail CBDC Platform informs Central Banks and related institutions of the vast potential of Central Bank Digital Currency (CBDC) as a tool for implementing economic policy and delivering it down to the Last Mile.
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Just like every cell in our body is guided in its behavior by our DNA, so can each unit of CBDC on the FutureFlow Platform be guided by a programmable code of behavior and target uses -- be it the Green Economy, Public Infrastructure, the Export Sector, or whatever other priorities the society may set for itself through the appropriate institutions.
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The FutureFlow CBDC Platform enables Central Banks to engage with the real economy in ways unthinkable with the existing forms of money. It makes possible to deliver monetary liquidity into any desired corner of the real economy, making sure that it stays there for as long as intended.
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Through the FutureFlow CBDC Platform, Central Banks can act as neutral technocratic institutions, providing the infrastructure and the tools necessary for executing on various priorities set by the society at large.
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