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Do we need central bank digital currency? : economics, technology and institutions
Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018
Persistent link: https://www.econbiz.de/10011944433
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Reassessing the thesis of the monetary history
Laidler, David E. W. - 2013
's key variable, the quantity of money …
Persistent link: https://www.econbiz.de/10010191681
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What explains the growing global demand for cash?
Shirai, Sayuri; Sugandi, Eric Alexander - 2019
Demand for cash is generally known to be influenced by several factors−including transaction motive used for payment, opportunity cost, precautionary motive (such as crisis period), and other motives (such as aging and demand from abroad). In recent years, cashless payment methods have...
Persistent link: https://www.econbiz.de/10012101636
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A unified framework for CBDC design : remuneration, collateral haircuts and quantity constraints
Assenmacher-Wesche, Katrin; Berentsen, Aleksander; … - 2021
. Timing and information frictions create a need for inside (bank deposits) and outside money (CBDC) to finance production. To …
Persistent link: https://www.econbiz.de/10012596299
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A policy framework for e-money : a report on Bank of Canada Research
Davoodalhosseini, Seyed Mohammadreza; Rivadeneyra, Francisco - 2018
We present a policy framework for electronic money and payments. The framework poses a set of positive questions … questions are posed to four broad forms of e-money: privately or publicly issued, and with centralized or decentralized … issue new forms of e-money. …
Persistent link: https://www.econbiz.de/10011824436
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The economics of central bank digital currency
Ahnert, Toni; Assenmacher-Wesche, Katrin; Hoffmann, Peter; … - 2022
economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the …
Persistent link: https://www.econbiz.de/10013342232
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Excess liquidity in the euro area : sources and remedies
Dąbrowski, Marek - 2023
The excess liquidity in the euro area is a product of a long period of quantitative easing. It changed the operational framework of the European Central Bank (ECB)’s monetary policy from the scarce reserves system (SRS) to the abundant reserves system (ARS). To eliminate excess liquidity and...
Persistent link: https://www.econbiz.de/10014491928
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The macroeconomic effects of different CBDC regimes in an economy with a heterogeneous household sector
Magin, Jana Anjali; Neyer, Ulrike; Stempel, Daniel - 2023
of conventional forms of money and CBDC. We analyze the impact of four different CBDC regimes: (i) no CBDC, (ii) each … central bank can stabilize prices more effectively after adverse shocks. However, this stabilization implies distributional …
Persistent link: https://www.econbiz.de/10014229087
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Money in monetary policy design : monetary cross-checking in the New-Keynesian Model
Beck, Günter W.; Wieland, Volker - 2009
criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross … the possibility of persistent central bank misperceptions. Such misperceptions motivate the search for policies that … Policy ; New-Keynesian Model ; Money ; Quantity Theory ; European Central Bank ; Policy Under Uncertainty …
Persistent link: https://www.econbiz.de/10003887442
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Money in monetary policy design : monetary cross-checking in the New-Keynesian model
Beck, Günter W.; Wieland, Volker - 2010
criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross … the possibility of persistent central bank misperceptions. Such misperceptions motivate the search for policies that … policy ; New-Keynesian model ; money ; quantity theory ; European Central Bank ; policy under uncertainty …
Persistent link: https://www.econbiz.de/10003973215