加拿大国际治理创新中心CIGI：数字货币和支付基础设施（英文版）

Digital technologies are challenging the traditional role of commercial banks as gatekeepers of payment systems. Benjamin Franklin, one of the founding fathers of the United States, may have had some insight into this changing role. His four questions around money are applicable to today’s need for payment systems to evolve with digital assets: What is money? Who should create it? What should backstop money? How should money come into circulation? This paper explores these four questions thro