https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Defaultable_debt 2026-06-29T08:23:57Z Revision history for this page on the wiki MediaWiki 1.40.0 https://wiki.treasurers.org/w/index.php?title=Defaultable_debt&diff=53149&oldid=prev 2023-10-05T08:11:35Z

<p>Classify page.</p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 08:11, 5 October 2023</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l62">Line 62:</td> <td colspan="2" class="diff-lineno">Line 62:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other resource==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other resource==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* [https://www.bis.org/publ/work1086.pdf CBDC policies in open economies - BIS Working Paper No 1086 - April 2023]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* [https://www.bis.org/publ/work1086.pdf CBDC policies in open economies - BIS Working Paper No 1086 - April 2023]</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[Category:Long_term_funding]]</ins></div></td></tr> </table>

Doug https://wiki.treasurers.org/w/index.php?title=Defaultable_debt&diff=14232&oldid=prev 2023-06-29T22:42:28Z

<p>Create page - source - BIS - https://www.bis.org/publ/work1086.pdf</p> <p><b>New page</b></p><div>''Central bank digital currency (CBDC) - government debt - default.''<br /> <br /> In the context of central bank digital currencies (CBDCs), defaultable debt refers to conventional government debt.<br /> <br /> Conventional government debt, the argument goes, is a liability of the government that carries the possibility of default.<br /> <br /> By contrast, a CBDC is not defaultable.<br /> <br /> <br /> :&lt;span style=&quot;color:#4B0082&quot;&gt;'''''CBDC can reduce government financing costs'''''&lt;/span&gt;<br /> <br /> :&quot;CBDC issuance against government debt can reduce government financing costs in two ways. <br /> <br /> <br /> :First, by increasing the share of financing that pays the lower interest rate on CBDC. <br /> <br /> <br /> :And second, by reducing the outstanding stock of defaultable government debt and thereby reducing all equilibrium interest rates...<br /> <br /> :As argued by Kumhof et al. (2020), government debt is defaultable and is therefore a liability of the government, while CBDC is not defaultable and is not a liability of the government but rather a hybrid instrument that is closer to equity (in the nation) rather than debt.&quot;<br /> <br /> :''CBDC policies in open economies - BIS Working Paper No 1086 - April 2023 - p24.''.<br /> <br /> <br /> == See also ==<br /> * [[Bank for International Settlements]] (BIS)<br /> * [[Blockchain]]<br /> * [[Britcoin]]<br /> * [[Central bank]]<br /> * [[Central bank digital currency]] (CBDC)<br /> * [[Central bank money]]<br /> * [[Commercial bank money]]<br /> * [[Currency]]<br /> * [[Debt]]<br /> * [[Default]]<br /> * [[Digital currency]]<br /> * [[Digital Dollar Project]] (DDP)<br /> * [[Digital euro]]<br /> * [[Digital public money]]<br /> * [[Distributed ledger]]<br /> * [[e-krona]]<br /> * [[e-money]]<br /> * [[European System of Central Banks]]<br /> * [[Fiat currency]]<br /> * [[Gilts]]<br /> * [[Gold standard]]<br /> * [[Hybrid ]]<br /> * [[Interest rate]]<br /> * [[Monetary]]<br /> * [[Money]]<br /> * [[Multi-CBDC arrangement]]<br /> * [[Payment Interface Provider]] (PIP)<br /> * [[Project Icebreaker]]<br /> * [[Project Mariana]]<br /> * [[Retail central bank digital currency]] (rCBDC)<br /> * [[Sand Dollar]]<br /> * [[Sovereignty]]<br /> * [[Stablecoin]]<br /> * [[Wholesale central bank digital currency]] (wCBDC)<br /> <br /> <br /> ==Other resource==<br /> * [https://www.bis.org/publ/work1086.pdf CBDC policies in open economies - BIS Working Paper No 1086 - April 2023]</div>

imported>Doug Williamson