Würden alle privaten Bankeinlagen in CBDCs verlagert, müssten die traditionellen Banken zu „Vermittlern realer Ersparnisse“ werden und langfristige Gelder aufnehmen, um langfristige Kredite wie etwa Hypothekendarlehen zu finanzieren.
If all private bank deposits were to be moved into CBDCs, then traditional banks would need to become “loanable funds intermediaries,” borrowing long-term funds to finance long-term loans such as mortgages.