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We study how the introduction of a central bank digital currency (CBDC) would affect the stability of the banking system. We present a model that captures a concern commonly raised in policy discussions: the option to hold CBDC can increase the incentive for depositors to run on weak banks. Our...
Persistent link: https://www.econbiz.de/10014374269
Persistent link: https://www.econbiz.de/10012693331
We study how the introduction of a central bank digital currency (CBDC) would affect the stability of the banking system. We present a model that captures a concern commonly raised in policy discussions: the option to hold CBDC can increase the incentive for depositors to run on weak banks. Our...
Persistent link: https://www.econbiz.de/10013257457
Persistent link: https://www.econbiz.de/10012794426
We study how introducing a central bank digital currency (CBDC) would affect the stability of the banking system. We present a model that captures a concern commonly raised in policy discussions: the option to hold CBDC can increase the incentive for depositors to run on weak banks. Our model...
Persistent link: https://www.econbiz.de/10013403050
Persistent link: https://www.econbiz.de/10013474430
Persistent link: https://www.econbiz.de/10013474446