cbdc:public:cbdc_omg:8_append:20_glossary:intermediated
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cbdc:public:cbdc_omg:8_append:20_glossary:intermediated [2022/02/08 08:40] nick created |
cbdc:public:cbdc_omg:8_append:20_glossary:intermediated [2022/05/16 18:21] (current) nick ↷ Links adapted because of a move operation |
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| ====== Intermediated Model ====== | ====== Intermediated Model ====== | ||
| - | [[cbdc:private:cdbc_omg:99_append:glossary| Return to Glossary ]] | + | [[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]] |
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| - | **Intermediated Model** is ... | + | |
| Under an **Intermediated Model**, the private sector | Under an **Intermediated Model**, the private sector | ||
| - | would offer accounts or digital wallets to facilitate the management of CBDC holdings and pay- | + | would offer accounts or digital wallets to facilitate the management of CBDC holdings and payments. Potential intermediaries could include commercial banks and regulated [[cbdc:public:cbdc_omg:8_append:20_glossary:nonbank_money| Nonbank]] financial |
| - | ments. Potential intermediaries could include commercial banks and regulated nonbank financial | + | service providers, and would operate in an open market for [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] services. Although commercial |
| - | service providers, and would operate in an open market for CBDC services. Although commercial | + | banks and **nonbanks** would offer services to individuals to manage their CBDC holdings and pay |
| - | banks and nonbanks would offer services to individuals to manage their CBDC holdings and pay | + | ments, the CBDC itself would be a liability of the Federal Reserve. |
| - | ments, the CBDC itself would be a liability of the Federal Reserve. An **intermediated Model** would | + | |
| + | An **Intermediated Model** would | ||
| facilitate the use of the private sector’s existing privacy and identity-management frameworks; | facilitate the use of the private sector’s existing privacy and identity-management frameworks; | ||
| leverage the private sector’s ability to innovate; and reduce the prospects for destabilizing | leverage the private sector’s ability to innovate; and reduce the prospects for destabilizing | ||
cbdc/public/cbdc_omg/8_append/20_glossary/intermediated.1644327632.txt.gz · Last modified: 2022/02/08 08:40 by nick
