Purpose This study aims to explore the challenges and prospects of using e-wallets in
Malaysia, and what it means for businesses and customers. Suggested here are strategies …

This critical literature survey offers a comprehensive understanding of the key aspects and
implications of central bank digital currencies (CBDCs) as a rapidly evolving area of …

The optimal design of a central bank digital currency (CBDC) is analyzed in an environment
where agents sort into cash, CBDC, and bank deposits according to their preferences over …

This paper discusses central bank digital currency (CBDC) and its potential impact on the
monetary transmission mechanism. We first offer a general definition of CBDC which should …

Central banks around the world are exploring and in some cases even piloting Central Bank
Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities …

We develop a general equilibrium model that highlights the trade-offs between physical and
digital forms of retail central bank money. The key differences between cash and central …

The experience of the Great Recession and its aftermath revealed that a lower bound on
interest rates can be a serious obstacle for fighting recessions. However, the zero lower …

Abstract Central Bank Digital Currencies (CBDCs) enable negative interest rates. A game is
analyzed between a central bank (accounting for the government's interest) and a …

We study the transmission of negative interest rates to bank lending around an unexpected
policy rate cut into deep negative territory by the Swiss National Bank (− 0.75%). We exploit …

In a negative interest rate environment, banks have generally proved reluctant to pass on
negative interest rates to their retail depositors. Thus, banks that are more dependent on …