independent digital payment instrument (a CBDC) that allows agents to share their payment data with selected parties can overcome …

We shed light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment … data. We provide a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a … wide range of design choices. We develop a structural model of payment means adoption and usage and estimate CBDC demand …

. We focus on the acceptance of cashless payments in everyday situations and the use of mobile banking apps in the euro …. While mobile banking is already popular amongst euro area consumers, the use of smart payment methods remains very limited …

In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the … economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the …

The bulk of euro-denominated cash is held for store of value purposes, with such holdings sharply increasing in times … hold cash. In our model, the introduction of a central bank digital currency (CBDC) as a store of value that is superior to … cash leads to bank disintermediation as some depositors opt for switching to CBDC based on their beliefs. While CBDC …

We develop a two-country DSGE model with financial frictions to study the transition from a steady-state without CBDC … to one in which the home country issues a CBDC. The CBDC provides households with a liquid, convenient and storage …-cost-free means of payments which reduces the market power of banks on deposits. In the steady-state CBDC unambiguously improves …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …