In just a few years, central banks have rapidly ramped up their research and development
efforts on central bank digital currencies (CBDCs). A growing body of economic research …

This paper provides an overview of the literature examining how the introduction of a CBDC
would affect the banking sector, financial stability, and the implementation and transmission …

We study how introducing a central bank digital currency affects equilibrium allocations and
welfare in an environment where both currency and bank deposits are used in exchange …

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 …

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 …

What would be the potential demand for central bank digital currency (CBDC)? Which
design attributes would affect the demand for CBDC? By applying a structural model to a …

We analyse the impact of introducing a central bank-issued digital currency (CBDC) on the
operational framework of monetary policy and the macroeconomy as a whole. To this end …

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 …

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 …

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 …