cbdc:public:cbdc_omg:04_doc:20_comments:brp:q04:start
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
cbdc:public:cbdc_omg:04_doc:20_comments:brp:q04:start [2022/05/17 21:16] nick |
cbdc:public:cbdc_omg:04_doc:20_comments:brp:q04:start [2022/06/17 18:44] (current) terrance |
||
|---|---|---|---|
| Line 3: | Line 3: | ||
| | [[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: 04. How might a U.S. CBDC affect the Federal Reserve’s ability to effectively implement monetary policy in the pursuit of its maximum-employment and price-stability goals? | Question: 04. How might a U.S. CBDC affect the Federal Reserve’s ability to effectively implement monetary policy in the pursuit of its maximum-employment and price-stability goals? | ||
| ">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
| Line 81: | Line 81: | ||
| <figure transmissionOfmoney> | <figure transmissionOfmoney> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:20_comments:brp:q04:screen_shot_2022-04-17_at_8.05.33_pm.png?700 |}} | + | {{ cbdc:04_doc:20_comments:brp:q04:screen_shot_2022-04-17_at_8.05.33_pm.png?700 |}} |
| <caption>The transmission of Monetary Policy.(( | <caption>The transmission of Monetary Policy.(( | ||
| Federal Reserve, | Federal Reserve, | ||
| Line 113: | Line 113: | ||
| [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q04:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q04: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 | 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 a subset of requirements identified during the White Paper Analysis conducted by the OMG</caption> | + | <caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| |< 100% 15% >| | |< 100% 15% >| | ||
| ^ Benefits | B0003, B0004, B0007, B0011, B0018, B0020, B0024, B0025,B0026, B0029, B0034, B0038, B0040, B0044, B0045, B0046, B0047, B0049, B0051 | | ^ Benefits | B0003, B0004, B0007, B0011, B0018, B0020, B0024, B0025,B0026, B0029, B0034, B0038, B0040, B0044, B0045, B0046, B0047, B0049, B0051 | | ||
| Line 163: | Line 163: | ||
| </WRAP>| | </WRAP>| | ||
| ^ B0025 ^ Serve as a new foundation for the payment system |<WRAP> | ^ B0025 ^ Serve as a new foundation for the payment system |<WRAP> | ||
| - | The CBDC could offer another mechanism to the existing non-cash mechanisms such as debit cards, credit cards, electronic transfers, and checks. However, in order to offer real-time settlements, it may need to use a different mechanism than the existing [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:04_cbdc_guide:06_append:glossary:a:ach Automated Clearing House (ACH) Network | Automated Clearing House (ACH) Network]] currently in use to electronically move money between banks accounts across the U.S. The current ACH network is run by an organization called Nacha, formerly the [[https://www.nacha.org/ | National Automated Clearing House Association (NACHA)]]. | + | The CBDC could offer another mechanism to the existing non-cash mechanisms such as debit cards, credit cards, electronic transfers, and checks. However, in order to offer real-time settlements, it may need to use a different mechanism than the existing [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:a:ach | Automated Clearing House (ACH) Network]] currently in use to electronically move money between banks accounts across the U.S. The current ACH network is run by an organization called Nacha, formerly the [[https://www.nacha.org/ | National Automated Clearing House Association (NACHA)]]. |
| </WRAP>| | </WRAP>| | ||
| ^ B0026 ^ Provide a bridge between legacy and new payment services |<WRAP> | ^ B0026 ^ Provide a bridge between legacy and new payment services |<WRAP> | ||
cbdc/public/cbdc_omg/04_doc/20_comments/brp/q04/start.1652836614.txt.gz · Last modified: 2022/05/17 21:16 by nick
