CBDC: Where is the unique selling proposition?
03/26/2021The 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.