Zentralbankgeldsysteme
Zentralbankgeldsysteme describe the framework within which a central bank manages the money supply and payment systems of a country or currency union. At its core, a central bank is the issuer of the national currency, often referred to as central bank money. This money exists in two forms: physical cash in circulation and digital balances held by commercial banks at the central bank.
Commercial banks maintain accounts with the central bank, and it is these accounts that constitute the ultimate
Central banks play a crucial role in maintaining the stability of these systems. They can influence the