Results 71 to 80 of about 41,322,599 (126)

Cryptocurrency Bubbles and Costly Mining

International Economic Review, Volume 67, Issue 2, Page 499-512, May 2026.
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley   +1 more source

Best Before? Expiring Central Bank Digital Currency and Loss Recovery

Journal of Money, Credit and Banking, Volume 58, Issue 3, Page 787-819, April 2026.
Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN, MAARTEN R.C. VAN OORDT, YU ZHU   +2 more
wiley   +1 more source

Is central bank currency fundamental to the monetary system?

, 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, Hendry, Scott, Claussen, Carl Andreas   +2 more
core   +1 more source

Central bank digital currencies : Third report of working group [PDF]

, 2021
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.

core  

Informational Efficiency in Cryptocurrency Markets: A Bibliometric and Thematic Literature Review (2015–2024)

Journal of Economic Surveys, Volume 40, Issue 1, Page 443-468, February 2026.
ABSTRACT Cryptocurrency markets are known for their wide price fluctuations, lack of central control, and fast‐paced development. These characteristics present serious challenges to traditional theories about how markets work and how prices reflect available information.
Giulia Fantini, Joy Jia, Chiara Oldani
wiley   +1 more source

Central Bank Digital Currency and banking choices

To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with ...
Li, Jiaqi, Usher, Andrew, Zhu, Yu
core   +1 more source

Central bank digital currency in small open economies

Latin American Journal of Central Banking
This paper examines how the introduction of Central Bank Digital Currency (CBDC) impacts small open economies (SOE). We build a Two-Agent New Keynesian (TANK) model with financially constrained agents, where both cash and CBDC provide liquidity service ...
Rong Fan, Todd B. Walker, Allan Wright
doaj   +1 more source

The Impact of Central Bank Digital Currency Participation in Cross-Border Payments on International Monetary Competition [PDF]

SHS Web of Conferences
This paper examines the far-reaching impact of central bank digital currency (CBDC) applications for cross-border payments on the international monetary competition landscape.
Zhong Ling
doaj   +1 more source

Can Complementary Currencies Foster Sustainability? A Systematic Review of the Impacts of Environmental Complementary Currencies

Journal of Economic Surveys, Volume 40, Issue 1, Page 549-581, February 2026.
ABSTRACT Growing financial needs for a sustainable transition have led to the development of green finance and citizen‐led monetary innovations. These initiatives recognized the necessity of developing new forms of money regarding the environmental crisis, referred to as environmental complementary currency (ECCs).
Léo Revelli
wiley   +1 more source

CBDC, Trust in the Central Bank and the Privacy Paradox

ECONOMICS
Privacy/anonymity of digital transactions is an issue that potentially may affect demand for central bank digital currency. Does discussions about privacy paradox related to CBDC?
Koziuk Viktor, Ivashuk Yurii, Hayda Yurii   +2 more
doaj   +1 more source