This paper predicts households' demand for a central bank digital currency (CBDC) with different design attributes by … include budgeting usefulness, anonymity, bundling of bank services and rate of return. …

effects of introducing a central bank digital currency (CBDC). We identify a new channel through which the CBDC can improve … the efficiency of bank intermediation and increase lending and aggregate output even if its usage is low, i.e., the CBDC … model to the US economy and find that with a proper interest rate, CBDC can raise bank lending by around 7% and increase …

To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we … products can substantially crowd out bank deposits only if it provides an extensive service network. Imposing a large limit on …

the store-of-value demand. We find a long-term downward trend in small-denomination bank notes relative to gross domestic … demand between these two countries is due more to the behaviour of larger-denomination, store-of-value bank notes. Finally …, we identify influences and frictions that help explain the persistent decline in the demand for larger bank notes in …

the store-of-value demand. We find a long-term downward trend in small-denomination bank notes relative to gross domestic … demand between these two countries is due more to the behaviour of larger-denomination, store-of-value bank notes. Finally …, we identify influences and frictions that help explain the persistent decline in the demand for larger bank notes in …

As currently articulated, the monetary sovereignty argument for central bank digital currencies (CBDCs) rests on the … substitution), threatening the central bank's monetary policy and lender-of-last-resort (LLR) capabilities. This rationale provides … functions of a central bank-important considerations that have received less attention in public CBDC discussions. The second is …