Whether should the bank create him add close money? International liquidates a bank (BIS) whether the answer that president Agustin Carstens gives out decides.
Carstens is not valued all the time add close money, ever fraud of bubble of bit money assimilate to, Pang and environmental disaster. In a speech of Dublin, carstens is more farther those who conveyed close to adding money is anxious, think its can destroy global bank system.
And nowadays, he issued a warning to creating the bank of digital money again. He says, fictitious money violated everything what the bank represents completely, destroyed financial stability, may affect protectionism of bank deploy client.
The Central Bank is when executive monetary policy, can produce tremendous effect, include the change of pair of financial system stability. Each country Central Bank should not restrain innovation, but also should not ignore all conditions and innovate quickly.In other words, bank and financial orgnaization should follow the trend of domain of the money before be duped hard, but cannot damage relevant function.
Carstens was mentioned in the speech " finance is panicky " . He says, distribute money of Central Bank number (CBDC) the likelihood brings about people to stock all capital commercial bank account. This may produce negative effect to interest rate, bring about Central Bank balance sheet to expand, damage market liquidity thereby.
Additional, he still points out, the Central Bank did not answer the client's experience, such responsibility is assumed with respect to need after distributing digital money, but can affect the ability that they are made and implements monetary policy.
Carstens still says, CBDC is met " the change reachs his to form to the demand of fundamental money " , and this kind of change is uncertain.
But the viewpoint of Carstens is one's own wishful thinking only it seems that. The whole world has had much home bank to founding national figure money, perhaps said to had announced corresponding plan.
Cite a case, british Central Bank is early announce research and development before 3 years the new-style and fictitious money of money of a kind of similar bit. This kind of number currency that the name is RSCoin is developed by the investigator of London university institute, pass technology of area piece catenary to undertake operational, but still be the Monetary Unit that a kind of center changes, direct out bank.
Nevertheless, although be put in a large number of research, never any countries issued CBDC truly. Venezuela is based on petrolic money of digital asset oil (Petro) it is an exception probably. Its can be on the world first kinds of number capital fund that distributes by the country, but its are anabiosising the function of economic respect has been proved to be failure. Venezuela people still lives in an abyss of suffering, instead more and more person selected choose use bit money.
