Designing Central Bank Digital Currencies

Nopic
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes... READ MORE...

Publication date: November 2019
ISBN 9781513519883
$18.00

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Publication date: November 2019

English