This paper develops a model to incorporate the impact of financial inclusion to study the
implications of issuing a CBDC. In a “two-tier” model where banks distribute CBDC, CBDCs …

Within digital finance, CBDCs are booming. As there are currently four operational CBDCs
and as many as ninety-four central banks, jurisdictions or currency areas are testing or …

We investigate whether central bank digital currency (CBDC) affects corporate financing
costs. Results from Difference-in-difference (DID) estimation indicate that corporate debt …

Purpose The purpose of this paper is to review the literature on Central Bank Digital
Currencies (CBDCs) in light of the increasing demand for digital payments globally. It aims …

The bulk of cash is held for store of value purposes, with such holdings sharply increasing in
times of high economic uncertainty and only a fraction of the population choosing to hoard …

Globally, Central Bank Digital Currency (CBDC) is receiving a lot of attention in digital
currency deliberations since it is at the top of the agenda of almost every central bank today …

This study investigates the influence of a country's financial access and stability and the
adoption of retail central bank digital currencies (CBDCs) across 71 countries. Using an …

This chapter explores the multifaceted impacts of central bank digital currencies (CBDCs)
across the economic, social, and environmental domains. It investigates their potential to …

This paper provides empirical evidence on the behaviour of non-remunerated central bank
retail deposits—an analogous deposit facility to retail CBDC—during a bank run in a regime …

La creciente digitalización de los hábitos de los consumidores y, en consecuencia, de los
medios de pagos, unido a la aparición de monedas virtuales basadas en infraestructuras …