6  Rey, Hélène (2013), “Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence”, paper presented in 2013 Jackson Hole Economic Policy Symposium, Federal Reserve Bank of Kansas City. 8  BIS central bankers’ speeches
Or it could involve members of the public holding currency on cards or other tokens, similar to prepaid cards e.g. Visa Prezzy cards (i.e. token-based). 5 The Reserve bank is currently reviewing its access policies to the wholesale accounts it provides to financial  institutions. 5  Third, this digital currency would co-circulate with banknotes and coins (and other privately issued currencies).