Similar Search Results

Kreuser, Jérôme; Sornette, Didier - 2018 - Revised 18-Jun-18

investment strategies applied to Bitcoin. Our bubble model is defined as a geometric Brownian motion combined with separate crash …, which itself grows with the bubble mispricing: hence, the larger the bubble price, the larger its subsequent growth rate. We …-free asset. Using our bubble model on Bitcoin from 8-Jul-2013 until 19-Dec-2017 would have generated a CAGR of 140% with a …

Persistent link: https://www.econbiz.de/10011899594

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

Transactional demand for central bank digital currency

Nocciola, Luca; Zamora-Pérez, Alejandro - 2024

We shed light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment data. We provide a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a wide range of design choices. We develop a structural...

Persistent link: https://www.econbiz.de/10014526662

Influencing the Velocity of Central Bank Digital Currencies

Copic, Ezechiel - 2020

The advent of stablecoins offers new and innovative ways to improve financial inclusion, reduce transaction costs, and increase the efficiency of the global financial system. The following paper explores the assets and process necessary for creating a central bank digital currency (CBDC) on the...

Persistent link: https://www.econbiz.de/10012844202

Designing New Money - The Policy Trilemma of Central Bank Digital Currency

Bjerg, Ole - 2017

The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy...

Persistent link: https://www.econbiz.de/10012954346

The economics of central bank digital currency

Ahnert, Toni; Assenmacher-Wesche, Katrin; Hoffmann, Peter; … - 2022

This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the implications for the financial system and discuss of a number of...

Persistent link: https://www.econbiz.de/10013342232

Financial Development, Non-Bank E-Money, and Central Bank Digital Currency

Wang, Xin; Hu, Xiaoxiong - 2022

We develop a new framework to examine the effects of retail central bank digital currencies (CBDCs) on financial inclusion and stability, particularly how the results depend on an economy's existing degree of financial development. We demonstrate that when offering CBDCs in underdeveloped...

Persistent link: https://www.econbiz.de/10013294560

Central bank digital currency and cash in the euro area : current developments and one specific proposal

Rösl, Gerhard; Seitz, Franz - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 523-551

The present paper provides an overview on current developments of cash usage and issue of central bank digital currency (CBDC) in the euro area and proposes a possible design of a digital euro that allows for instant offline payments. Cash usage at the point-of-sale decreased perceptibly in the...

Persistent link: https://www.econbiz.de/10014518599

Central Bank digital currencies : a framework for assessing why and how

Fung, Ben Siu-cheong; Hałaburda, Hanna - 2016

Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the...

Persistent link: https://www.econbiz.de/10011565226

Central bank digital currency : motivations and implications

Engert, Walter; Fung, Ben Siu-cheong - 2017

The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology …

Persistent link: https://www.econbiz.de/10011759869

1
2
3
4
5
6
7
8
9
10
Next
Last