Many more issues would have to be resolved. [4] All these characteristics must be tailored to the purpose of the new currency and to curtail potential side effects. 2.1 Potential benefits Several arguments have been suggested in favour of CBDC, and I would like to highlight three of them.
Last year, RMBS issuance was at its highest level since the global financial crisis. Non-banks’ issuance was in line with the high levels issued by this sector in the mid-2000s (Graph 7). In 2018, RMBS issuance in aggregate has been lower, but this has been largely been driven by decreased issuance by banks.