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| | [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:start| Return to CBDC Benefits, Risks, and Policy Considerations ]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:start| Return to CBDC Benefits, Risks, and Policy Considerations ]] | <WRAP> | ||
| <html><b> | <html><b> | ||
| - | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
| Question: 03. Could a CBDC affect financial inclusion? Would the net effect be positive or negative for inclusion? | Question: 03. Could a CBDC affect financial inclusion? Would the net effect be positive or negative for inclusion? | ||
| ">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
| Line 45: | Line 45: | ||
| <figure financeInclServ> | <figure financeInclServ> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:20_comments:brp:q03:screen_shot_2022-04-14_at_12.21.57_pm.png?375 |}} | + | {{ cbdc:04_doc:20_comments:brp:q03:screen_shot_2022-04-14_at_12.21.57_pm.png?375 |}} |
| <caption>An Overview of Financial Inclusion Services(( | <caption>An Overview of Financial Inclusion Services(( | ||
| Tp, Shabna Mol., | Tp, Shabna Mol., | ||
| Line 59: | Line 59: | ||
| <figure financeExclServ> | <figure financeExclServ> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:20_comments:brp:q03:screen_shot_2022-04-14_at_12.34.27_pm.png?375 |}} | + | {{ cbdc:04_doc:20_comments:brp:q03:screen_shot_2022-04-14_at_12.34.27_pm.png?375 |}} |
| <caption>An Overview of Financial Exclusion(( | <caption>An Overview of Financial Exclusion(( | ||
| Tp, Shabna Mol., | Tp, Shabna Mol., | ||
| Line 107: | Line 107: | ||
| [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q03:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q03:start| Return to Top]] | ||
| - | The following "desirements" are from the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start&do=edit | White Paper]] as identified by the [[https://www.omg.org/ | Object Management Group's ]] report called [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]]: | + | The following "desirements" are from the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as identified by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG report called [[cbdc:public:cbdc_omg:04_doc:12_summary:start | White Paper Analysis]]: |
| <table> | <table> | ||
| - | <caption>Example of mapping Financial Inclusion requirements identified during the White Paper Analysis conducted by OMG.</caption> | + | <caption>Example of mapping Financial Inclusion requirements identified during the White Paper Analysis conducted by OMG's CBDC WG.</caption> |
| ^ Requirements | <WRAP> | ^ Requirements | <WRAP> | ||
| : B: B0007, B0008, B0009, B0010, B0011, B0012, B0013, B0014, B0015, B0018, B0019, B0028, B0029, B0030, B0031, B0033, B0034, B0035, B0038, B0041, B0043, B0045, B0046, B0047, B0048, B0049, B0054 | : B: B0007, B0008, B0009, B0010, B0011, B0012, B0013, B0014, B0015, B0018, B0019, B0028, B0029, B0030, B0031, B0033, B0034, B0035, B0038, B0041, B0043, B0045, B0046, B0047, B0048, B0049, B0054 | ||
| Line 124: | Line 124: | ||
| The following discussion covers both of the [[cbdc:public:cbdc_omg:04_doc:15_common:start| Currency Models]]: | The following discussion covers both of the [[cbdc:public:cbdc_omg:04_doc:15_common:start| Currency Models]]: | ||
| - | * [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Digital Cash Model ]] | + | * [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash Model ]] |
| - | * [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start| Digital Account Model ]] | + | * [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start | Digital Account Model ]] |
| <table> | <table> | ||
| Line 158: | Line 158: | ||
| <figure availability> | <figure availability> | ||
| <caption>Network Availability in the US</caption> | <caption>Network Availability in the US</caption> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:20_comments:brp:screen_shot_2022-03-23_at_3.17.56_pm.png?700 |}} | + | {{ cbdc:04_doc:20_comments:brp:screen_shot_2022-03-23_at_3.17.56_pm.png?700 |}} |
| </figure> | </figure> | ||
| Line 211: | Line 211: | ||
| : 2. liquidity risk | : 2. liquidity risk | ||
| </WRAP>|<WRAP> | </WRAP>|<WRAP> | ||
| - | The only way to offer the **safest digital asset** is to develop [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. | + | The only way to offer the **safest digital asset** is to develop [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. |
| </WRAP>| | </WRAP>| | ||
| ^ B0028 ^ Offer the general public broad access to digital money: <WRAP> | ^ B0028 ^ Offer the general public broad access to digital money: <WRAP> | ||
| Line 217: | Line 217: | ||
| : 2. liquidity risk | : 2. liquidity risk | ||
| </WRAP>|<WRAP> | </WRAP>|<WRAP> | ||
| - | The only way to offer the **safest digital asset** is to develop [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. | + | The only way to offer the **safest digital asset** is to develop [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. |
| </WRAP>| | </WRAP>| | ||
| ^ B0029 ^ Support basic purchases of: <WRAP> | ^ B0029 ^ Support basic purchases of: <WRAP> | ||
| Line 236: | Line 236: | ||
| : 2. liquidity risk | : 2. liquidity risk | ||
| </WRAP>|<WRAP> | </WRAP>|<WRAP> | ||
| - | The only way to offer the **safest digital asset** is to develop [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. | + | The only way to offer the **safest digital asset** is to develop [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. |
| </WRAP>| | </WRAP>| | ||
| ^ B0033 ^ Support a level playing field in payment innovation for private-sector firms of all sizes | <WRAP> | ^ B0033 ^ Support a level playing field in payment innovation for private-sector firms of all sizes | <WRAP> | ||
| Line 352: | Line 352: | ||
| </WRAP>| | </WRAP>| | ||
| ^ B0054 ^ Attract risk-averse users to CBDC |<WRAP> | ^ B0054 ^ Attract risk-averse users to CBDC |<WRAP> | ||
| - | The only way to offer the **safest digital asset** is to develop [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. | + | The only way to offer the **safest digital asset** is to develop [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digital Cash]]. |
| See section answer for [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q13:start]] | See section answer for [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q13:start]] | ||