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Persistent link: https://www.econbiz.de/10011985213
In the current competitive scenario, the banking industry must contend with multiple challenges tied to regulations, legacy systems, disruptive models/technologies, new competitors, and a restive customer base, while simultaneously pursuing new strategies for sustainable growth. Banking...
Persistent link: https://www.econbiz.de/10014323783
drivers of CBDC development and take stock of design efforts. We set out a comprehensive database of technical approaches and … next take stock of the technical design options. More and more central banks are considering retail CBDC architectures in … which the CBDC is a direct cash-like claim on the central bank, but where the private sector handles all customer …
Persistent link: https://www.econbiz.de/10012425561
Although there are currently four retail central bank digital currencies in circulation, no central bank has yet issued the wholesale form of a central bank digital currency. There are good reasons to do so, however, and central banks have already conducted projects in this area. A wholesale...
Persistent link: https://www.econbiz.de/10014485127
, either directly through a central bank digital currency (CBDC) or indirectly through other policy instruments, it can only …
Persistent link: https://www.econbiz.de/10014543674
at the cost of suppressing the role of banks as lenders. A Central Bank Digital Currency (CBDC) could provide safe money … recent literature on CBDCs, in this study we propose what we call the "CBDC next-level model," whereby the central bank … risk from the banking system without adversely impacting banks' basic business. Once CBDC is injected in the system …
Persistent link: https://www.econbiz.de/10014474488
Proponents of the so-called New Economy claim that it entails a structural change of the economy. Such a change, in turn, would require the central bank to rethink its monetary policy to the extent that traditional relationships between inf1ation and economic growth are no longer valid. But such...
Persistent link: https://www.econbiz.de/10010325031
We identify some factors limiting CBDC adoption and some of the possible solutions. We also assess the media sentiment … media sentiment about the eNaira, DCash and Sand Dollar was caused by the existing negative media sentiment about CBDCs in … general. However, a positive media sentiment about the eNaira, DCash and Sand Dollar was not caused by the existing positive …
Persistent link: https://www.econbiz.de/10014558458
This paper explores whether there are systematic patterns as to when members of the decision-making committees of the Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances such communication has the ability to move financial...
Persistent link: https://www.econbiz.de/10011604611
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it written in this decade. We survey this...
Persistent link: https://www.econbiz.de/10011604944