Does a CBDC Reinforce Inefficiencies?

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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Call Number: urn:nbn:de:hebis:04-es2024-07362
Publication Date: 2024-01-19
Downloads: 41 (2024)
License: https://creativecommons.org/publicdomain/mark/1.0
Access URL: https://archiv.ub.uni-marburg.de/es/2024/0736
https://doi.org/10.17192/es2024.0736

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