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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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Money and Central Bank Digital Currency [PDF]
SSRN Electronic Journal, 2019 Money is a financial instrument that fulfills the basic functions as a medium of exchange, unit of account, store of value, and standard of deferred payment. The function as a medium of exchange allows efficient transactions of goods and services among people without forming an inconvenient barter system.
Shirai, Sayuri
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Central bank digital currencies [PDF]
Journal of Digital Banking, 2019 Advances in technology and digitalisation are widespread and affect all facets of life, including jobs, education and social interactions. Electronic devices and high-speed networks have become practically ubiquitous, leading to the rise of the modern, digital consumer, who is positively inclined towards mobile and online platforms and is increasingly ...
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How to issue a privacy-preserving central bank digital currency [PDF]
, 2021 Many central banks are currently investigating Central Bank Digital Currency (CBDC) and possible designs. A recent survey conducted by the European Central Bank has found that both citizens and professionals consider privacy the most important feature of
Grothoff, Christian, Moser, Thomas
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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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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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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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Central Bank Digital Currencies [PDF]
, 2018 A central bank digital currency (CBDC) is a digital form of central bank money denominated in the official unit of account for general purpose users. A CBDC can take several forms with different properties, depending on its purpose. A Norges Bank working group has completed an initial phase of a study of CBDCs.
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