This paper provides an overview of the literature examining how the introduction of a CBDC
would affect the banking sector, financial stability, and the implementation and transmission …

This paper investigates how a central bank digital currency can be expected to impact a
monopolistic banking sector. The paper's framework of analysis combines the Diamond …

Purpose The purpose of this paper is to review the literature on Central Bank Digital
Currencies (CBDCs) in light of the increasing demand for digital payments globally. It aims …

This article reviews the literature examining how the introduction of a retail central bank
digital currency (CBDC) would affect a modern economy, focusing on the implications for the …

Key drivers of banking reform include central bank digital currencies. When building central
bank digital currencies, central banks and regulators have to negotiate essential …

To what extent does a central bank digital currency (CBDC) compete with bank deposits? To
answer this question, we develop and estimate a structural model where each household …

This paper offers a comprehensive analysis of the implications for financial stability of a
central bank issuing a digital currency to the public at large. We start with a systematic …

We analyze the risks to financial stability following the introduction of a central bank digital
currency (CBDC). CBDC competes with commercial bank deposits as the household's …

Private money creation lies at the heart of currency competition due to seigniorage rents that
are attributed to shareholders. However, it undermines the role of central bank in money …

This study analyzes the impact of changes in central bank digital currency (CBDC) issuance
and interest rates on commercial bank profitability, considering the interaction of individuals …