There are a number of reasons why central banks may choose not to push ahead with the development and implementation of central bank digital currencies (CBDCs). One reason is the lack of clear benefits over existing payment systems. CBDCs may not offer significant improvements over existing payment systems, such as credit cards or mobile payments, which are already widely … [Read more...] about Why central banks should not push ahead with CBDCs
Japan's yield curve control (YCC) is a monetary policy tool used by the Bank of Japan (BOJ) to influence short-term and long-term interest rates. The BOJ sets a target for the 10-year government bond yield and uses open market operations to buy or sell government bonds to keep the yield at or close to the target level. This is done to maintain stability in long-term interest … [Read more...] about How does Japan’s yield curve control work?