Results 61 to 70 of about 41,322,599 (126)
ABSTRACT This paper examines the impact of regulatory controls on Bitcoin's excess returns and volatility. The paper innovates by proxying changes in the regulatory environment using global Google search volume intensity data. The generated regulatory indices accurately identify episodes of regulatory tightening within cryptocurrency markets.
Robert Mullings
wiley +1 more source
Central bank digital currencies [PDF]
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 characteristics, depending on its purpose.
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PRIVACY PREFERENCES AND TRUST IN CENTRAL BANKS: HETEROGENEITY IN CASE OF CBDC
Broad societal uptake of Central Bank Digital Currency (CBDC) is contingent on both its design features and public confidence in the issuing central bank.
Віктор Козюк +2 more
doaj +1 more source
Cash for Transactions or Store‐of‐Value? A Comparative Study on Scandinavian Countries and Canada
ABSTRACT We estimate the demand for transactional and non‐transactional cash balances (banknotes and coins) in Canada, Denmark, Iceland, Sweden and Norway over the last decades exploiting the seasonality of cash demand. These countries share many features that are relevant for cash demand, but nevertheless show large differences in terms of aggregate ...
Carl Andreas Claussen +2 more
wiley +1 more source
Central Bank Digital Currency (CBDC): Design Requirements & Challenges
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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Central bank digital currency and banking
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.
Jiang, Janet Hua +3 more
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Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case
ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley +1 more source
The legal analysis of central bank digital currency (CBDC) as a kind of money
Technological advancements are reshaping society and transforming the financial system. The rise of digital currencies issued by private entities has been an alarm for central banks to explore a central bank digital currency (CBDC), a digital version of ...
Indrawa , Fransiska Ari
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Markov Determinantal Point Process for Dynamic Random Sets
ABSTRACT The Law of Determinantal Point Process (LDPP) is a flexible parametric family of distributions over random sets defined on a finite state space, or equivalently over multivariate binary variables. The aim of this paper is to introduce Markov processes of random sets within the LDPP framework. We show that, when the pairwise distribution of two
Christian Gouriéroux, Yang Lu
wiley +1 more source
Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley +1 more source

