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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Agur, Itai
Weitere Verfasser: Ari, Anil, Dell'Ariccia, Giovanni
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2019.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2019/252
Online Zugang:Full text available on IMF