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I think the most interesting possibility of a "digital pound" is that it would enable money creation to only be carried out by the Bank of England; it would und
by Wildgoose 4y ago
I think the most interesting possibility of a "digital pound" is that it would enable money creation to only be carried out by the Bank of England; it would undermine the ability of regular banks to just create money by issuing loans backed up by nothing more than minimum reserve requirements.
- eldenwrong 4y agoAre there still reserve requirements in the UK? The US removed those
- zirgs 4y agoI doubt that BoE is going to start issuing loans. That's not what central banks do.