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...

Повний опис

Бібліографічні деталі
Автор: Agur, Itai
Інші автори: Ari, Anil, Dell'Ariccia, Giovanni
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2019.
Серія:IMF Working Papers; Working Paper ; No. 2019/252
Онлайн доступ:Full text available on IMF