Caccia, Enea; Tapking, Jens; Vlassopoulos, Thomas - 2024
This paper discusses the impact that a retail central bank digital currency (CBDC) could have on the implementation of … commercial bank deposits held by customers, which would, in turn, affect central bank reserves. While it is often assumed that … could even increase. If bank deposits do decrease, banks would need to draw on, and therefore reduce, their central bank …