The optimal quantity of CBDC in a bank-based economy

L Burlon, MA Muñoz, F Smets - American Economic Journal …, 2024 - pubs.aeaweb.org
We show that the estimated effect of digital euro news on bank stock valuations and lending
depends on the bank's deposit reliance and the central bank digital currency (CBDC) design …

Retail CBDC: Implications for Banking and Financial Stability

S Infante, K Kim, A Orlik, AF Silva… - Annual Review of …, 2024 - annualreviews.org
This article reviews the literature examining how the introduction of a retail central bank
digital currency (CBDC) would affect a modern economy, focusing on the implications for the …

The economics of central bank digital currency

T Ahnert, K Assenmacher, P Hoffmann, A Leonello… - 2022 - papers.ssrn.com
This paper provides a structured overview of the burgeoning literature on the economics of
CBDC. We document the economic forces that shape the rise of digital money and review …

[图书][B] CBDC and banks: Disintermediating fast and slow

R Bidder, TP Jackson, M Rottner - 2024 - econstor.eu
We examine the impact of central bank digital currency (CBDC) on banks and the broader
economy-drawing on novel survey evidence and using a structural macroeconomic model …

CBDC and the Banking System

S Auer, N Branzoli, G Ferrero, A Ilari… - Jahrbücher für …, 2024 - degruyter.com
This paper examines the potential impact a central bank digital currency (CBDC) on banks'
balance sheets. We first analyze the possible implications of the introduction of a CBDC for …

[HTML][HTML] Evaluation of sight deposits and central bank digital currency

M Azzone, E Barucci - … of International Financial Markets, Institutions and …, 2023 - Elsevier
We provide a market-based evaluation of sight deposits of banks when Central Bank Digital
Currency (CBDC) is issued. We investigate the effects of different adoption rates (moderate …

Banking crises under a central bank digital currency (CBDC)

L Bitter - Jahrbücher für Nationalökonomie und Statistik, 2024 - degruyter.com
One of the main concerns associated with central bank digital currencies (CBDC) is the
disintermediating effect on the banking sector in general, and the risk of bank runs in times …

CBDC and business cycle dynamics in a New Monetarist New Keynesian model

K Assenmacher, L Bitter, A Ristiniemi - 2023 - papers.ssrn.com
To study implications of an interest-bearing CBDC on the economy, we integrate a New
Monetarist-type decentralised market that explicitly accounts for the means-of-exchange …

Public money as a store of value, heterogeneous beliefs and banks: implications of CBDC

MA Muñoz, O Soons - 2024 - papers.ssrn.com
The bulk of cash is held for store of value purposes, with such holdings sharply increasing in
times of high economic uncertainty and only a fraction of the population choosing to hoard …

Central bank digital currency in India: the case for a digital rupee

PK Ozili - … Financial Services and Markets Through FinTech and …, 2023 - igi-global.com
This chapter explores the benefits and issues surrounding the digital Rupee, also known as
the eRupee or the central bank digital currency in India. The study found that Indian people …