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The Digital Programmable Euro, Libra and CBDC : Implications for European Banks
Sandner, Philipp - 2020
Euro initiatives, such as the Libra stablecoin, and CBDCs, on banks. We find that both Libra and a Euro CBDC might heavily … to develop new business models stemming from these initiatives. Therefore, Libra and a CBDC Euro should not only be seen …
Persistent link: https://www.econbiz.de/10012826988
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Central bank digital currency and bank intermediation : exploring different approaches for assessing the effects of a digital euro on euro area banks
Adalid, Ramón; Álvarez-Blázquez, Álvaro; … - 2022
In July 2021 the Eurosystem decided to launch the investigation phase of the digital euro project, which aims to … provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could … of uncertainty surrounding the design of a potential digital euro, its demand and the prevailing environment in which it …
Persistent link: https://www.econbiz.de/10013198349
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Money Creation : Genesis 2: Goldsmith-Bankers and Bank Notes
Faure, Alexander Pierre - 2013
Money creation began before the loan activities of the goldsmith-bankers in seventeenth-century London, in the form of coin clipping, coin debasement, and so on. However, money creation as we know it today (new bank loans create new bank deposits, which is the dominant means of payments) began...
Persistent link: https://www.econbiz.de/10013083850
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On Interest-Bearing Central Bank Digital Currency with Heterogeneous Banks
Garratt, Rodney; Zhu, Haoxiang - 2021
We explore the implications of introducing an interest-bearing central bank digital currency (CBDC) through commercial banks that differ in size. Banks of heterogeneous sizes offer different convenience properties to depositors, which the CBDC adopts. The large bank gives depositors a higher...
Persistent link: https://www.econbiz.de/10013235770
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Central Bank Digital Currency and Banks
Whited, Toni M.; Wu, Yufeng; Xiao, Kairong - 2022
This paper studies how introducing a central bank digital currency (CBDC) can affect the banking system. We show that CBDC need not reduce bank lending unless frictions and synergies bind deposits and lending together. We then estimate a dynamic banking model to quantify the importance of these...
Persistent link: https://www.econbiz.de/10013405915
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Will central bank digital currency disintermediate banks?
Whited, Toni Marion; Wu, Yufeng; Xiao, Kairong - 2023
We estimate a dynamic banking model to quantify the impact of a central bank digital currency (CBDC) on the banking system. Our counterfactuals show that a one-dollar introduction of CBDC replaces bank deposits by around 80 cents on the margin. Bank lending falls by one-fourth of the drop in...
Persistent link: https://www.econbiz.de/10014284813
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Size, efficiency, market power, and economies of scale in the African banking sector
Asongu, Simplice; Odhiambo, Nicholas M. - 2018
There is a growing body of evidence that interest rate spreads in Africa are higher for big ba nks compared to small banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger, more efficient, and unchallenged. In contra st,...
Persistent link: https://www.econbiz.de/10011998518
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Market power and cost efficiency in the African banking industry
Asongu, Simplice; Nting, Rexon T.; Nnanna, Joseph - 2019
Purpose- In this study, we test the so-called 'Quiet Life Hypothesis' (QLH) which postulates that banks with market power are less efficient. Design/methodology/approach- We employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit and Logistic regressions. The empirical evidence...
Persistent link: https://www.econbiz.de/10012117704
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Size, efficiency, market power, and economies of scale in the African banking sector
Asongu, Simplice; Odhiambo, Nicholas M. - In: Financial innovation : FIN 5 (2019) 4, pp. 1-22
There is a growing body of evidence that interest rate spreads in Africa are higher for big banks compared to small banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger, more efficient, and unchallenged. In contrast, several...
Persistent link: https://www.econbiz.de/10011972611
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MiCA's Antitrust Concerns : The Potential Impact of Protecting Banks' Interests on Innovation and Growth in Europe
Egilsson, Jón Helgi - 2023
The European market has been served by regulated and licensed e-money tokens (EMTs) since 2019, contradicting the claim that legal clarity is needed for EMTs. Despite the well-functioning e-money legislation, the EU Parliament will vote on a new regulation specifically for EMTs as part of the...
Persistent link: https://www.econbiz.de/10014355286