Does a CBDC Reinforce Inefficiencies?
This paper examines whether a central bank digital currency (CBDC) reinforces inefficiencies in transactions with cash. In this case, the gap between the traded quantity and the welfare-maximizing one, which arises due to discounting or a suboptimal amount of money, increases further. To get some a...
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Publicado no: | MAGKS - Joint Discussion Paper Series in Economics (Band 28-2022) |
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Autor principal: | |
Formato: | Artigo |
Idioma: | inglês |
Publicado em: |
Philipps-Universität Marburg
2022
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Acesso em linha: | Texto integral em PDF |
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