financial contracts), and monetary policy interact in a general equilibrium, new open-economy macroeconomics model with real … shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy optimally (maximize … domestic and external shocks is high, since in this case the (presumably optimal) foreign monetary policy guarantees a better …

real exchange rate. Using a small open-economy model, this paper examines alternative monetary policy rules for economies …

monetary policy. Monetary policy implementation could be affected if the introduction of the retail CBDC changes the volume of …, central banks might need to adjust their reserve supply and other features of their monetary policy implementation, depending …, for example, on whether they use a floor or a corridor system for monetary policy implementation. In the specific case of …

monetary policy. Monetary policy implementation could be affected if the introduction of the retail CBDC changes the volume of …, central banks might need to adjust their reserve supply and other features of their monetary policy implementation, depending …, for example, on whether they use a floor or a corridor system for monetary policy implementation. In the specific case of …