論文代寫：使用數字貨幣的优点
使用像零售CBCC這樣的數字貨幣會降低價格的高波動性。對於加密貨幣的許多其他實現來說，這是很常見的。沿著Fedcoin的路線零售CBCC將消除加密貨幣常見的高價格波動。其次，使用數字貨幣將緩解央行貨幣設定的零下限。與普通貨幣一樣，數字貨幣也可能支付利息，而普通貨幣又是另一種可供采用的專業貨幣。另一個影響是，當零售CBCC或類似的數字戰略被采用時，儲戶將無法再持有央行的貨幣，而無需支付某種形式的負利率(Bech & Garratt, 2017)。除了提供現金交易的替代方案外，數字貨幣的使用還將為擴大貨幣政策選擇引入選項(Positive Money, 2017)。
論文代寫：使用數字貨幣的优点
例如，就零售業務CBCC而言，銀行存在風險，因為銀行擠兌可能發生得更頻繁。銀行通常將一小部分資金作為現金資產。銀行是傳統的部分準備金制度。人們一次只提取了一些現金，同時也存了一些現金。在這種情況下，銀行擠兌就是銀行裏的大量客戶同時取款。這將產生銀行償付能力的問題。當使用數字貨幣時，由於銀行擠兌的增加，償付能力的問題會增加。使用數字系統的客戶將能夠更頻繁地提取大筆資金。當面臨銀行狀況不佳或經濟危機等威脅時，銀行擠兌有可能達到頂峰。當公眾能夠在困難時期將他們持有的商業銀行資產轉換為無風險的央行債務時，他們會選擇這樣做(Tolle, 2016)。匿名成為一個問題(Kahn等人，2005)。
論文代寫：使用數字貨幣的优点
Pros of using a digital currency like the retail CBCC would reduce high price volatility. This is common to many other implementations of cryptocurrencies. Retail CBCC along the lines of Fedcoin would eliminate the high price volatility that is common to cryptocurrencies. Secondly, use of digital currency as Koning (2014) argues will provide relief on the zero lower boundaries that are established on central bank money. It would be possible to pay interest on the digital currency same as with normal currency which is yet another pro for adoption. An additional implication is that when retail CBCC or similar digital strategies were employed, it could so happen that depositors would no longer be able to hold central bank money without paying some form of negative interest rates (Bech & Garratt, 2017). In addition to presenting an alternative to cash dealing, the use of digital currency will introduce options for expanding monetary policy choices (Positive Money, 2017).
論文代寫：使用數字貨幣的优点
Similar to the pros, there are cons in using digital money. For instance, in the case of the retail CBCC, there are risks for banks as bank runs could happen more frequently. Banks usually keep a small portion of their money as cash assets. Banks are traditionally fractional reserve systems. People only had withdrawn some amount of cash at a time and deposit amounts of cash, too. In this situation, a bank run is where a large number of customers in a bank end up withdrawing funds simultaneously. This will create issues of solvency for the bank. When digital currencies are used, the issues of solvency will increase because of increase in bank runs. Customers using the digital system will be able to withdraw large sums of money more frequently. When threatened with a bad banking situation or economic crises etc, it could be possible for banks runs to hit a peak. Where the public are able to convert their commercial bank holdings into risk free central bank liabilities in troubled times, they would opt to do so (Tolle, 2016). Anonymity becomes a concern (Kahn et al., 2005).
