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Redesigning the eNaira Central Bank Digital Currency (CBDC) for payments and macroeconomic effectiveness

Ozili, Peterson K. - In: Smart analytics, artificial intelligence and …, (pp. 189-197). 2023

Persistent link: https://www.econbiz.de/10014321103

A study of the economic impact of central bank digital currency under global competition

Wu, Tong; Chen, Jiayou - In: China economic journal : the official journal of the … 14 (2021) 1, pp. 78-101

Persistent link: https://www.econbiz.de/10012501665

Policy Responses to Cross-border Central Bank Digital Currencies – Assessing the Transborder Effects of Digital Yuan

Tsang, Cheng-Yun; Chen, Ping-Kuei - 2021

context. This paper discusses the challenges when a CBDC circulates across national borders. It addresses three cross …-border spillover effects of the CBDC: the crowding out effect on local currency; challenges to capital control for regulators; and …

Persistent link: https://www.econbiz.de/10013214438

Cash and COVID-19: the impact of the pandemic on the demand for and use of cash

Chen, Heng; Engert, Walter; Huynh, Kim P.; Nicholls, Gradon - 2020

Consumer spending declined significantly during the recent COVID-19 pandemic. This negative shock likely reduced spending across all methods of payment (cash, debit, credit, etc.). As well, the mix of payment methods that consumers use could also be affected. This paper is a first step in...

Persistent link: https://www.econbiz.de/10012240328

The macroeconomic effects of different CBDC regimes in an economy with a heterogeneous household sector

Magin, Jana Anjali; Neyer, Ulrike; Stempel, Daniel - 2023

Many central banks discuss the introduction of a Central Bank Digital Currency (CBDC). Empirical evidence suggests that … households may differ in their willingness to hold CBDC. Against this background, this paper investigates the macroeconomic … effects of different CBDC regimes in a New Keynesian model with a heterogeneous household sector. We consider that a CBDC may …