Roubini: CBDC-based narrow banking and loanable-funds intermediaries could ensure a better and more stable financial system
If the alternatives are a crisis-prone fractional-reserve system and a crypto-dystopia, then we should remain open to the idea https://t.co/6pCxm3bDhL
Shamushark1 - 2 years account age. 200 - 1000 comment karma.4 months ago
So far, no country has decided to go this route, perhaps because it would entail a radical disintermediation of the private banking sector.
This is why CBDCs won't happen. Lagarde's solution seems a bit more plausible, but that particular solution doesn't seem to offer enough benefit to banks or the general public to make the costs of switching worth it.