The Opacity of Last Resort: Void Architecture in Central Banking and Monetary Policy

Key Points

• The research investigates the application of the Void Framework to central banking and monetary policy.
• Application of the Void Framework to analyze central banking decisions.
• Examination of opacity in interest rate decisions and forward guidance.
• Analysis of CBDC design as a void architecture.
• Identified opacity in interest rate decisions and forward guidance in monetary policy.
• Highlighted implications of void architectures on critical infrastructure.