Deutsch Intern
    Chair for Monetary Policy and International Economics

    Current Notice

    CBDC: Where is the unique selling proposition?


    The policy note by Prof. Bofinger and Thomas Haas shows that CBDC is not needed for financial inclusion in developing countries. Mobile money services like M-Pesa, based on mobile phone networks, do already a good job which cannot easily be paralleled by central banks.

    The policy paper can be read on SUERF: Please, click here to read the policy note.