This paper provides an overview of the literature examining how the introduction of a CBDC
would affect the banking sector, financial stability, and the implementation and transmission …

This paper investigates how a central bank digital currency can be expected to impact a
monopolistic banking sector. The paper's framework of analysis combines the Diamond …

This article reviews the literature examining how the introduction of a retail central bank
digital currency (CBDC) would affect a modern economy, focusing on the implications for the …

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 …

This paper offers a comprehensive analysis of the implications for financial stability of a
central bank issuing a digital currency to the public at large. We start with a systematic …

We extend the Real Business Cycle model in Niepelt (2022) to analyze the risk to financial
stability following the introduction of a central bank digital currency (CBDC). CBDC …

Assuming that a central bank is successful in steering money market interest rates,
commercial banks' loan rate setting behavior is not expected to change during a transition …

Key drivers of banking reform include central bank digital currencies. When building central
bank digital currencies, central banks and regulators have to negotiate essential …

Private money creation lies at the heart of currency competition due to seigniorage rents that
are attributed to shareholders. However, it undermines the role of central bank in money …

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 …