Digital bonds as collateral in central bank lending

2026

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This paper explores the integration of digital bonds into central bank lending operations, highlighting the necessary adaptations for collateral frameworks.

* Examines the implications of central banks accepting digitally issued and settled bonds as collateral.
* Analyzes the core principles of collateral policy and how they apply to digital bonds.
* Proposes a policy framework for central banks to consider when defining eligibility criteria for digital bonds.

Tags: digital bonds, central bank lending, collateral, monetary policy, financial stability

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