From a depositor's perspective, commercial bank money is equivalent to central bank money it is impossible to tell the two forms of money apart unless a bank run occurs.
It's likely that at some point in time we'll find more efficient, more effective payment methods, both for central bank money and commercial bank money.
He uses three new variables nominal domestic demand, central bank money, and error term with the standard characteristics to give a more suitable model.
Secondly, such a system could help to increase demand for central bank money, thereby creating and increasing a structural liquidity shortage in the money market.
And on the wealth preservation side, you should buy the one asset that will be left standing tall when the central bank money printers finally fail -- gold.