With the impending ‘death of cash’ and the rise of digital currencies (such as
Bitcoin), there are strong arguments for central banks to start issuing “digital
cash” – an electronic version of notes and coins. But this raises a number of
questions: how would central banks get new digital cash into the economy,
and how would the public use it? What would the advantages be? And
would there be any impact – positive or negative – on financial stability?

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