… Currency digitization” does not require the introduction of a digital currency alternative by
a Central Bank but does allow us to anticipate some potential impacts of digital currency. Two …

… central bank digital currency affects equilibrium allocations and welfare in an environment
where both currency and bank … tradeoff: while a digital currency tends to improve efficiency in …

… Central banking in an age of digital currencies is a fast-developing topic in monetary … digital
currencies such as bitcoin appear to be viable competitors to central bank fiat currency, and …

… currency that can be used by the … for a central-bank-issued digital currency. This paper
proposes a framework for assessing why a central bank should consider issuing a digital currency …

… The optimal design of a central bank digital currency (CBDC) is analyzed in an environment
where agents sort into cash, CBDC, and bank deposits according to their preferences over …

… on central banks. Nevertheless, there are still high risks connected to the introduction of central
bank digital currency… At the same time, cryptocurrencies issued by central banks might be …

… This paper has examined the rise of central bank digital currencies, a new payment
technology that may soon be available in a number of countries around the world. We have …

… and the evolving role of central banks more generally. … on potential central bank issue, we
use the term “digital currency” as … Although the “currency” part may seem to beg the question of …

… This paper aims to provide a review of central bank digital currency (CBDC) research. It is
important to understand the events that led to the rise of CBDCs, and it is also important to take …

… into the transformative journey of central bank digital currencies and their impact on the
financial ecosystem. As the financial world navigates this digital frontier, understanding the …