Bossone, Biagio; Haines, Michael R. - 2023
at the cost of suppressing the role of banks as lenders. A Central Bank Digital Currency (CBDC) could provide safe money … recent literature on CBDCs, in this study we propose what we call the "CBDC next-level model," whereby the central bank … to be taken off the balance sheet of banks and into the balance sheet of the central bank, thereby removing significant …