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...

The goal of this paper is to employ the Johansen procedure, along with innovation accounting analysis to estimate the demand for money in Jordan. Our study represents a modest attempt to help better understand the behavior of money demand function in Jordan. Two different models were tested. In...

This paper uses neoclassical demand theory to calculate the welfare costs of inflation. It considers the demand interactions between money, consumption goods, and leisure, relaxes the assumption of fixed consumer preferences, and addresses the inter-related problems of estimation of money demand...

This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...

In this paper, we examine the main measures taken by Morocco within the framework of the reform of monetary and financial structures. Also, we treat the impact of these measures on the financial wealth structure of householders and companies. So, our aim is to encircle the new behaviour...

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...