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Is central bank currency fundamental to the monetary system? [PDF]
, 2020 In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits) into central bank money is fundamentally important for the monetary system.
Armelius, Hanna +2 more
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Central bank digital currency and monetary policy [PDF]
, 2018 Many central banks are contemplating whether to issue a central bank digital currency (CDBC). CDBC has certain potential benefits, including the possibility that it can bear interest.
Davoodalhosseini, S. Mohammad R.
core +1 more source
CBDC-MXN: Challenges and Perspectives in The Implementation as a Mexican Digital Currency
Mercados y Negocios, 2023 This research shows a proposal for developing of a Mexican Central Bank Digital Currency by Banco de México. Therefore, a dynamic SWOT matrix is used to present the strengths, weaknesses, opportunities, and threats of the development of the Mexican ...
Jessica Nallely Flores Gálvez +1 more
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Will Central Bank Digital Currency Disintermediate Banks?
, 2023 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 introduction of CBDC replaces bank deposits by around 80 cents on the margin. Bank lending falls by one-fourth of the drop in deposits because banks partially replace lost deposits with ...
Whited, Toni Marion +2 more
openaire +2 more sources
Central Bank Digital Currency (CBDC): Design Requirements & Challenges [PDF]
With hindsight, the role of a currency is to facilitate trade. Every sovereign nation manages its currency through a public institution called central bank - solely responsible for supply of currency.
Sorwar, G, Pillai, B
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DESIGNING CENTRAL BANK DIGITAL CURRENCY FOR INDONESIA: THE DELPHI–ANALYTIC NETWORK PROCESS
Buletin Ekonomi Moneter dan Perbankan, 2020 The emergence of stablecoins is a growing concern for authorities worldwide including Indonesia as it could affect financial stability. Thus, if a central bank chooses to develop a central bank digital currency (CBDC) to tackle this problem, the design ...
Bastian Muzbar Zams +5 more
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Status report – Norges Bank’s central bank digital currency project [PDF]
, 2020 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. It is a claim on the central bank, in the same way that banknotes and coins are today.
core
Cogent Economics & Finance, 2022 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 representative household choosing to consume, hold CBDC, or hold non-CBDC. The central bank
Guizhou Wang, Kjell Hausken
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SAGE OpenAs legal tender created using advanced digital technology, Central Bank Digital Currency provides new opportunities for driving rural revitalization. This paper empirically assesses the impact of Central Bank Digital Currency on rural revitalization by ...
Muchen Li, Shining Guo, Qianyi Zhang
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Central Bank Digital Currency (CBDC) – Barriers to Its Introduction
Annales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia, 2023 Theoretical background: The beginning of the third decade of the 21st century brought a dynamic development of new technologies, intensifying the ongoing process of digitalization of the global economy.
Aleksandra Nocoń
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