Bellia, Mario; Calès, Ludovic - 2023
This paper analyzes the potential effect of a European Central Bank Digital Currency (CBDC) on banks' profitability. We … use a large sample of EU banks that span the period from 2007 to 2021 to assess the sensitivity of banks' profits to the … CBDC, there might be substantial challenges for the profitability of banks, especially for small banks, that mostly rely on …