Central Bank Digital Currency - the Latest Challenge for the Theory of Monetary Law

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Authors	SCHWEIGL Johan
Year of publication	2018
Type	Article in Proceedings
Conference	Optimizations of Organization and Legal Solutions Concerning Public Revenues and Expenditures in Public Interest
MU Faculty or unit	Faculty of Law
Citation
Web	Open access sborníku
Doi	http://dx.doi.org/10.15290/oolscprepi.2018.28
Keywords	Central bank digital currency; cash; deposit money; reserves; central banks; monetary law; monetary policy
Attached files	Optimization_of_Organization_and_Legal_Solutions.pdf
Description	In the last few years, several central banks from the large economies, such as Bank of England, Sveriges Riksbank, Bank of Canada, ECB or Central Bank of Russian Federation, considered issuance of a new type of money – central bank digital currency. The monetary law theory distinguishes between three currently existing types of money, i.e. cash, deposit money and reserves. Each of these types has a special variation of features that makes them unique. The monetary law theory, however, has not carry out complex theoretical analysis of the central bank digital currency. In this paper, the author presented a core theoretical classification of the new type of money – the central bank digital currency.