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Bank Profitability and Central Bank Digital Currency
SSRN Electronic Journal, 2023 This paper analyzes the potential effect of a European Central Bank Digital Currency (CBDC) on banks' profitability. We use a large sample of EU banks that span the period from 2007 to 2021 to assess the sensitivity of banks' profits to the deposits. Using quantile regression, we estimate the conditional profit distribution of a representative bank. We
Mario Bellia, Ludovic Calès
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Central Bank digital currencies [PDF]
Bankarstvo, 2021 Central Bank digital currencies are a digital challenge to the international monetary and financial system. Since the development of cryptocurrency, such as bitcoin, the modern world has faced the possibility of digital technological transformation and ...
Martin Vesna
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Central Bank Digital Currency: Central Banking For All? [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 2020 The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do so.
Jesús Fernández-Villaverde +3 more
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Central Bank Digital Currencies
Handbook on Blockchain , SPRINGER OPTIMIZATION AND ITS APPLICATIONS, 2022 Today’s societal digitization continues to advance at exponential speeds driven by technology trends. Billions of Internet of Things devices have made their way into our daily lives, but also into healthcare, manufacturing, and supply chains. In contrast, the financial sector still largely operates on legacy infrastructures, where merchants receive ...
Pocher Nadia, Veneris Andreas
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Digital Currencies of Central Banks (CBDC): Advantages and Disadvantages [PDF]
Financial Markets, Institutions and Risks, 2023 During the Covid-19 pandemic, there has been a rapid shift from offline global transaction models to digital payment models, along with increased interest in the development of Central Bank Digital Currencies (CBDCs) in various countries.
Anatoliy Guley, Artem Koldovskyi
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Central bank Digital Currencies: Key Aspects and Impact on the Financial system
Финансы: теория и практика, 2021 This research discusses various issues associated with central bank digital currency that is identified as a new form of money. This paper aims to identify the key prerequisites for the issuance of central bank digital currencies, to discuss the key ...
D. M. Sakharov
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Central Bank Digital Currency [PDF]
, 2021 Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in ...
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Review of Offline Payment Function of CBDC Considering Security Requirements
Applied Sciences, 2022 Due to the growth of the internet and communication technologies, electronic financial systems are becoming popular. Physical cash is losing its preeminence, and digital numbers on computers represent money.
Yeonouk Chu +5 more
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URGENSI PENGATURAN HUKUM CENTRAL BANK DIGITAL CURRENCY DALAM DIMENSI ANTI PENCUCIAN UANG [PDF]
, 2022 The issue of digitalized forms of payment systems has required adjustment from a State to accomodate and respond. One of the issues is concerning the use of virtual currencies, and Central Bank Digital Currency.
Aristo, Erly, Lisanawati, Go
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Digital currency of the central bank as the third form of money of the state
Russian Journal of Economics and Law, 2021 Objective: to consider the digital currency of Central Banks as the third form of money of a state; to identify advantages and disadvantages of this new form of money; to clarify the classification of digital currency of the Central Bank; to analyze the ...
S. A. Andryushin
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