This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law …. Second, from a monetary law perspective, it is not evident that 'currency' status can be attributed to CBDC. While the …

This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based …

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While … access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card …-not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference …

We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash …

central bank digital currencies (CBDC), with a special focus on how loans would be granted in a CBDC world …

The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of … a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper … ""natural hedges"" of their foreign currency exposures …

stability of invoicing currency patterns. The evidence also points to several novel facts. First, both the US dollar and the … has declined. Second, the euro is used as a vehicle currency in parts of Africa, and some European countries have seen … significant shifts toward euro invoicing. Third, as suggested by the dominant currency paradigm, countries invoicing more in US …