韩国央行报告：发行央行数字货币将对金融稳定产生负面影响
```json { "translatedTitle": "Bank of Korea Report: Issuing Central Bank Digital Currency Would Have Negative Impact on Financial Stability", "translatedContent": "[This article was updated on February 9, 2019 at tuoniaox.com]\n\nAccording to Coindesk's February 7 report, researchers from the Bank of Korea stated that issuing a Central Bank Digital Currency (CBDC) could have negative impacts on the economy.\nImage source: unsplash\nThe Bank of Korea released a research report on Thursday, modeling the potential impact that issuing a CBDC could have on commercial bank liquidity.\nThe study found that if the public could directly use this theoretical digital currency, commercial banks' demand deposits or reserves might decrease, leading to cash shortages. The Bank of Korea explained that this could ultimately force them to compensate by raising lending rates. The report noted:\n\"Central Bank Digital Currency would have a negative impact on financial stability, thereby increasing the possibility of commercial banks causing panic due to lack of cash reserves to pay depositors.\"\nAccording to CoinDesk Korea, co-author of the report Kwon Oh-Ik stated that if a CBDC were issued, the government \"should adopt supplementary measures to avoid negative impacts on financial stability.\"\nIn June 2018, the Bank of Korea stated that issuing a CBDC could negatively impact monetary policy and undermine economic stability, thus constituting a \"moral hazard.\"\nThe Bank for International Settlements (BIS), known as the central bank of central banks, also warned last spring that if any country's central bank is seeking to develop and launch a CBDC, policymakers should \"carefully weigh\" the implications of doing so, especially when CBDCs conflict with monetary policy and overall economic stability.\nOn the other hand, International Monetary Fund (IMF) Managing Director Christine Lagarde encouraged \"exploration\" of CBDCs in situations where cash demand is declining and preference for digital currencies is rising.\nAn IBM research report from November last year found that most surveyed central banks believe they should issue CBDCs at scale, although they are uncertain whether blockchain can bring sufficient cost and efficiency benefits.\nSource: 8btc\nThis article has been certified as original by \"Yuanben,\" author: Tuoniao Blockchain. Visit yuanben.io and search [597BJ7Q1] for authorization information.\n\n---\nWith editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com." } ```
```json
{
"translatedTitle": "Bank of Korea Report: Issuing Central Bank Digital Currency Would Have Negative Impact on Financial Stability",
"translatedContent": "[This article was updated on February 9, 2019 at tuoniaox.com]\n\nAccording to Coindesk's February 7 report, researchers from the Bank of Korea stated that issuing a Central Bank Digital Currency (CBDC) could have negative impacts on the economy.\nImage source: unsplash\nThe Bank of Korea released a research report on Thursday, modeling the potential impact that issuing a CBDC could have on commercial bank liquidity.\nThe study found that if the public could directly use this theoretical digital currency, commercial banks' demand deposits or reserves might decrease, leading to cash shortages. The Bank of Korea explained that this could ultimately force them to compensate by raising lending rates. The report noted:\n\"Central Bank Digital Currency would have a negative impact on financial stability, thereby increasing the possibility of commercial banks causing panic due to lack of cash reserves to pay depositors.\"\nAccording to CoinDesk Korea, co-author of the report Kwon Oh-Ik stated that if a CBDC were issued, the government \"should adopt supplementary measures to avoid negative impacts on financial stability.\"\nIn June 2018, the Bank of Korea stated that issuing a CBDC could negatively impact monetary policy and undermine economic stability, thus constituting a \"moral hazard.\"\nThe Bank for International Settlements (BIS), known as the central bank of central banks, also warned last spring that if any country's central bank is seeking to develop and launch a CBDC, policymakers should \"carefully weigh\" the implications of doing so, especially when CBDCs conflict with monetary policy and overall economic stability.\nOn the other hand, International Monetary Fund (IMF) Managing Director Christine Lagarde encouraged \"exploration\" of CBDCs in situations where cash demand is declining and preference for digital currencies is rising.\nAn IBM research report from November last year found that most surveyed central banks believe they should issue CBDCs at scale, although they are uncertain whether blockchain can bring sufficient cost and efficiency benefits.\nSource: 8btc\nThis article has been certified as original by \"Yuanben,\" author: Tuoniao Blockchain. Visit yuanben.io and search [597BJ7Q1] for authorization information.\n\n---\nWith editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com."
}
```