Blockchain is a novel technology capturing the attention of Central Banks and a technology
with significant disruptive potential. However, a gap in research effort between practitioners …

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 …

This paper attempts to introduce central bank digital currency (CBDC) into the analysis
framework of monetary policy, and studies the influence mechanism of e-CNY, central bank …

The application of a central bank digital currency (CBDC) is promising a substantial
alteration to the payment system and the provision of a safe, efficient, and inclusive financial …

We construct a simple and generalizable payment portfolio model to examine the potential
crowding-out effect of Central Bank Digital Currencies (CBDC) on bank deposits …

This article analyses ongoing changes in the supply of alternative media of payments
(MOPs). The comparison between old (cash and deposits) and new (cryptocurrencies and …

Various central banks are actively considering forms of digital currency. This note centers on
the form that comes closest a digital equivalent of cash, and summarizes the main pros and …

Competition from private digital currencies has driven innovation from the central banks
around the world to research a third alternative form of central bank money in addition to …

В конце осени-начале зимы 2019 года в КНР произошли события, изменившие жизнь
всего мира. 1 декабря 2019 принято считать официальной датой начала пандемии …

The creation of an electronic currency in China, as well as its ability to respond to the
challenges of the global market, are in the center of public and research attention. Our task …