SCIENTIA SINICA Informationis, Volume 47 , Issue 11 : 1592-1600(2017) https://doi.org/10.1360/N112017-00218

Understanding central bank digital currency: a systemic framework

More info
  • ReceivedNov 2, 2017
  • AcceptedNov 9, 2017
  • PublishedNov 15, 2017



[1] Committee on Payments and Market Infrastructures. Digital currencies. Bank for International Settlements. 2015. https://www.bis.org/cpmi/publ/d137.pdf. Google Scholar

[2] Interview with Zhou Xiaochuan — Zhou Xiaochuan, the governor of the central bank, talking about RMB exchange rate reform, macro prudential framework and digital currency. Caixin Weekly, 2016, 6: 52--61. Google Scholar

[3] Broadbent B. Central banks and digital currencies. 2016. http://www.bankofengland.co.uk/publications/pages/speeches/2016/886.aspx. Google Scholar

[4] Fan Y F. Theoretical basis and structural selection of Chinas digital fiat currency. China Finance, 2016, 17: 10--12. Google Scholar

[5] Yao Q. Consideration on Chinas digital currency design. China Finance, 2016, 12: 26--27. Google Scholar

[6] Yao Q. Digital currency and bank account. Tsinghua Financ Rev, 2017, 7: 63--67. Google Scholar

[7] Koning J P. Evolution in cash and payments: comparing old and new ways of designing central bank payments systems, cross-border payments networks, and remittances. R3 Reports. 2017. https://www.r3.com/research/toggle-id-14. Google Scholar

[8] Bordo M D, Levin A T. Central bank digital currency and the future of monetary policy. NBER Working Paper 23711, 2017. http://www.nber.org/papers/w23711.pdf. Google Scholar

[9] Bech M L, Garratt R. Central bank cryptocurrencies. BIS Quarterly Review, 2017. https://www.bis.org/publ/qtrpdf/r_qt1709f.htm. Google Scholar

[10] Yao Q. Theoretical and technical logic of legal digital fiat currency. Comp Stud, 2017, 4: 179--196. Google Scholar

[11] Yao Q, Tang Y W. Some thoughts on central bank digital currency. Financ Res, 2017, 7: 78--85. Google Scholar

[12] Yao Q. Conceptual prototype of Chinese digital fiat currency. China Finance, 2016, 17: 13--15. Google Scholar

[13] Chaum D. Blind signatures for untraceable payments. In: Advances in Cryptology — Crypto 82. Berlin: Springer, 1983. 199--203. Google Scholar

[14] Dai W. B-Money. 1998. http://www.weidai.com/bmoney.txt. Google Scholar

[15] Jakobsson M, Juels A. Proofs of work and bread pudding protocols. In: Proceedings of Conference on Communications and Multimedia Security, Leuven, 1999. 258--272. Google Scholar

[16] Szabo N. Bit gold unenumerated: an unending variety of topics. 2008. http://unenumerated.blogspot.com/2005/12/bit-gold.html. Google Scholar

[17] Nakamoto S. Bitcoin: a peer-to-peer electronic cash system. 2008. https://bitcoin.org/bitcoin.pdf. Google Scholar

[18] Project Jasper. A canadian experiment with distributed ledger technology for domestic interbank payments settlement. Report. 2017. https://www.payments.ca/about-us/news/payments-canada-bank-canada-and-r3-release-detailed-findings-blockchain-experiment. Google Scholar

[19] Monetary Authority of Singapore. The future is here — project Ubin: SGD on distributed ledger. 2017. http://www.mas.gov.sg/singapore-financial-centre/smart-financial-centre/project-ubin.aspx. Google Scholar

[20] Hong Kong Monetary Authority. Whitepaper on distributed ledger technology. Report. 2016. http://www.hkma.gov.hk/media/eng/doc/key-functions/finanical-infrastructure/Whitepaper_On_Distributed_Ledger_Technology.pdf. Google Scholar

[21] European Central Bank and Bank of Japan. Payment systems: liquidity saving mechanisms in a distributed ledger environment. Report. 2017. https://www.ecb.europa.eu/pub/pdf/other/ecb.stella_project_report_september_2017.pdf. Google Scholar

[22] Yao Q. Development and supervision of digital currency. China Finance, 2017, 14: 38--42. Google Scholar

[23] Danezis G, Meiklejohn S. Centrally banked crypto-currencies. 2016. http://www.cs.ucl.ac.uk/staff/G.Danezis/papers/ndss16currencies.pdf. Google Scholar

[24] Yao Q. Central bank encrypto-currency — analysis of RSCoin system. Caijing Weekly, 2017, 13: 20--22. Google Scholar

[25] Yao Q, Li L S. Application of big data analysis in digital currency. China Finance. 2016, 17: 37--38. Google Scholar

[26] Yao Q. The application of digital currency in interbank cash transfer scenario. Finance Comput, 2017, 5: 16--19. Google Scholar

[27] Xu Z, Yao Q. The preliminary plan of digital commercial paper trading platform. China Finance, 2016, 17: 31--33. Google Scholar

[28] Stiglitz J E. Macro-economic management in an electronic credit/financial system. NBER Working Paper 23032. 2017. http://www.nber.org/papers/w23032.pdf. Google Scholar