Marthinsen, John E.; Gordon, Steven R. - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-17
The failure of major banks in 2023, such as Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and Credit … to find alternative sources of liquidity in times of dire need. Central bank digital currencies (CBDCs), fiat …-backed stablecoins (fsCOINs), and synthetic central bank digital currencies (sCBDCs) could offer improvements, but each comes with its …