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...

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Detalhes bibliográficos
Autor principal: Agur, Itai
Outros Autores: Ari, Anil, Dell'Ariccia, Giovanni
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
Colecção:IMF Working Papers; Working Paper ; No. 2019/252
Acesso em linha:Full text available on IMF