欧洲央行-央行数字货币与货币政策实施（英）-2024.4

报告摘要

Occasional Paper Series Central bank digital currency and monetary policy implementation

核心要点

1. 1 Introduction 6
2. 2 Impact of a CBDC on the demand for bank deposits 8
3. 3 The balance sheet mechanics of a CBDC 15
4. 3.1 The impact of a CBDC-induced deposit outflow on reserves 15
5. 3.2 The maximum amount of CBDC-induced deposit outflows
6. 4 CBDC and the smooth implementation of monetary policy 28
7. 4.1 Floor system 28
8. 4.2 Corridor system 35

报告信息