Bank market power, in both loan and deposit markets, has important implications for credit
provision and for financial stability. This article discusses these issues through the lens of a …

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 …

We estimate a dynamic banking model to quantify the impact of a central bank digital
currency (CBDC) on the banking system. Our counterfactuals show that a one-dollar …

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 …

We study a model of financial intermediation, payment choice, and privacy in the digital
economy. While digital payments enable merchants to sell goods online, they also reveal …

This fintech note presents an analysis of the implications of central bank digital currency
(CBDC) for monetary policy. In our framework, the implications of CBDC issuance on …

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 …

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 …

Is blockchain the technological blueprint of a utopian decentralized future or a dystopian
centralized one? In search of an answer to this question, this article juxtaposes blockchain …

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 …