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 …, but at the cost of potentially disrupting bank lending. Our aim is to avoid this potential disruption. Building on the … recent literature on CBDCs, in this study we propose what we call the "CBDC next-level model," whereby the central bank …