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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 Currency and Banking [PDF]
SSRN Electronic Journal, 2019 This paper builds a model with imperfect competition in the banking sector. In the model, banks issue deposits and make loans, and deposits can be used as payment instruments by households. We use the model to assess the general equilibrium effects of introducing a central bank digital currency (CBDC).
Chiu, Jonathan +3 more
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Future Internet, 2023 Central bank-issued digital currencies have sparked significant interest and are currently the subject of extensive research, owing to their potential for rapid settlement, low fees, accessibility, and automated monetary policies.
Medina Ayta Mohammed +2 more
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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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Digital Ruble of the Central Bank of the Russian Federation
Управленческое консультирование, 2021 The article is devoted to the study of a new financial instrument — the digital currency of the Central Bank of the Russian Federation. The article examines the reason for the emergence of the Central Bank and its difference from cryptocurrency, analyzes ...
A. Ya. Zaporozhan
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How to issue a central bank digital currency [PDF]
SSRN Electronic Journal, 2021 Swiss National Bank Working Paper3 ...
David Chaum +2 more
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Russian Journal of Economics and Law, 2021 Objective: to review a session of the “Digital Finance” permanent seminar at the Institute of Economics of the Russian Academy of Sciences which discussed the prerequisites and consequences of the issue, emission characteristics and circulation of the ...
S. A. Andryushin
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Currency and Its Evolution in the Conditions of Digital Transformation
Цифровая трансформация, 2023 The article discusses the evolution of the currency in the context of digital transformation. The main forms of fiat money are presented, including their modern development through digital form, as well as distinctive features.
H. N. Kostyukova
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Exploring the Development of Digital RMB in Cross-Border Payment Under the Background of "The Belt and Road" Initiative [PDF]
SHS Web of Conferences, 2023 Since the central bank digital currency started to appear in the international market, China has also started to research on the central bank digital RMB. Nowadays, the digital RMB has been piloted in several regions in China and has gradually started to
Jiang Meng
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Central bank digital currencies: Digital Yuan and its role in Chinese digital economy development
RUDN Journal of Economics, 2023 Under the impact of financial technology and digital currency, “central bank digital currency” has become an international hotspot in recent years and is also one of the current research and development priorities of China’s central bank.
Jianwei Chen, Igor O. Nesterov
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