<p>Benoit Coeuré and Hyun Song Shin discuss <a href= "https://www.bis.org/publ/arpdf/ar2021e3.htm">Chapter 3</a> of the Annual Economic Report on CBDCs and how the BIS sees them best evolving for central banks, the public and financial stability.</p>

The distributional footprint of monetary policy

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.