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CBDC as Competitor for Bank Deposits and Cryptocurrencies
Private cryptocurrencies allow for payments without the need for a financial institution. These institutions, the central bank and retail banks, may thus observe a decline in the demand for their payments systems, i.e. cash and deposits. Using the monetary search model of Lagos and Wright (2005), we...
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| Publicado en: | MAGKS - Joint Discussion Paper Series in Economics (Band 10-2022) |
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| Autor Principal: | |
| Formato: | Artigo |
| Idioma: | inglés |
| Publicado: |
Philipps-Universität Marburg
2022
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| Schlagworte: | |
| Acceso en liña: | Texto completo PDF |
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MAGKS - Joint Discussion Paper Series in Economics