Designing Central Bank Digital Currencies /

We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of the...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Agur, Itai
Awduron Eraill: Ari, Anil, Dell'Ariccia, Giovanni
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2019.
Cyfres:IMF Working Papers; Working Paper ; No. 2019/252
Mynediad Ar-lein:Full text available on IMF