十一月 9, 2017

论文代写:货币

论文代写:货币

使用像零售CBCC这样的数字货币会降低高价格波动。这在许多其他加密货币的实现中是很常见的。在Fedcoin的基础上,零售CBCC将消除加密货币普遍存在的高价格波动。其次,使用数字货币作为Koning(2014)的观点,将为央行货币基础上的零下限提供救济。在数字货币上支付与正常货币相同的利息是可能的,这是另一个赞成采用的专业货币。另一个含义是,当零售CBCC或类似的数字策略被使用时,储户将无法在不支付某种形式的负利率的情况下持有央行的钱(Bech & Garratt,2017)。除了提供现金交易之外,数字货币的使用还将为扩大货币政策选择提供选择(积极资金,2017年)。

论文代写:货币

与专业人士类似,在使用数字货币方面也存在弊端。例如,在零售CBCC的情况下,银行挤兑的风险可能会更频繁。银行通常把一小部分钱作为现金资产。银行是传统的部分准备金制度。人们只在一段时间内取出了一些现金,并存入了大量现金。在这种情况下,银行挤兑是银行中大量客户同时撤出资金的地方。这将为该行带来偿付能力问题。当使用数字货币时,由于银行挤兑的增加,偿付能力的问题将会增加。使用数字系统的客户将能够更频繁地提取大笔资金。当受到糟糕的银行状况或经济危机的威胁时,银行可能会达到峰值。在动荡的时期,公众能够将商业银行的资产转换成风险自由的中央银行债务,他们会选择这样做(Tolle,2016)。匿名成为了关注的焦点(Kahn et al .,2005)。

 论文代写:货币
Pros of using a digital currency like the retail CBCC would reduce high price volatility. This is common to many other implementations of cryptocurrencies. Retail CBCC along the lines of Fedcoin would eliminate the high price volatility that is common to cryptocurrencies. Secondly, use of digital currency as Koning (2014) argues will provide relief on the zero lower boundaries that are established on central bank money. It would be possible to pay interest on the digital currency same as with normal currency which is yet another pro for adoption. An additional implication is that when retail CBCC or similar digital strategies were employed, it could so happen that depositors would no longer be able to hold central bank money without paying some form of negative interest rates (Bech & Garratt, 2017). In addition to presenting an alternative to cash dealing, the use of digital currency will introduce options for expanding monetary policy choices (Positive Money, 2017).
 论文代写:货币
Similar to the pros, there are cons in using digital money. For instance, in the case of the retail CBCC, there are risks for banks as bank runs could happen more frequently. Banks usually keep a small portion of their money as cash assets. Banks are traditionally fractional reserve systems. People only had withdrawn some amount of cash at a time and deposit amounts of cash, too. In this situation, a bank run is where a large number of customers in a bank end up withdrawing funds simultaneously. This will create issues of solvency for the bank. When digital currencies are used, the issues of solvency will increase because of increase in bank runs. Customers using the digital system will be able to withdraw large sums of money more frequently. When threatened with a bad banking situation or economic crises etc, it could be possible for banks runs to hit a peak. Where the public are able to convert their commercial bank holdings into risk free central bank liabilities in troubled times, they would opt to do so (Tolle, 2016). Anonymity becomes a concern (Kahn et al., 2005).
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