Use journals, books, professional magazines, blogs etc. and provide me with a reasoned essay on the issue and its implications for macroeconomic outcomes and policy. The topic for the essay is "Should central banks introduce a digital currency?" Focus on how these currencies will work. Compare them to existing private crypto- and digital- currencies (like BITCOIN, RIPPLE). What are the monetary, financial, macroeconomic and policy implications of digital currencies?

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Introducing a Central Bank Digital Currency CBDC has been a topic of considerable debate within the realm of macroeconomics and monetary policy This essay will explore the intricacies surrounding the ... View the full answer