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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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 28-2022)
Main Author:	Fuchs, Max
Format:	Article
Language:	English
Published:	2022
Subjects:	CBDC welfare analysis inefficiencies Wirtschaft Economics
Online Access:	PDF Full Text
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