Decentralized Approach to CBDC

This lecture explores the opportunities and challenges of Central Bank Digital Currencies (CBDC) with a focus on a decentralized approach. It discusses the potential strengths and weaknesses, effects on monetary policy, and future developments. The presentation covers the European Central Bank's requirements for a Digital Euro, proposals for a Digital Euro, and different models proposed by the Bank of England. It also delves into projects like the Digital Dollar by the Federal Reserve and the Digital Currency Electronic Payment (DCEP) by the People's Bank of China. The lecture concludes with a discussion on the Inthanon-LionRock project by the Bank of Thailand and Hong Kong Monetary Authority.