Staff working papers describe research in progress by Bank staff and are published to elicit comments and to further debate.

Staff working papers describe research in progress by Bank staff and are published to elicit comments and to further debate. 18 May 2018 The following Bank of England staff working papers have been published today: Broadening narrow money: monetary policy with a central bank digital currency Jack Meaning, Ben Dyson, James Barker and Emily Clayton Central bank digital currencies - design principles and balance sheet implications Michael Kumhof and Clare Noone Multiplex network analysis of the UK OTC derivatives market Marco Bardoscia, Ginestra Bianconi and Gerardo Ferrara