Cross-Border Central Bank Digital Currencies, Bank Runs and Capital Flows Volatility /

Central banks around the world are increasingly exploring central bank digital currencies (CBDCs). This paper investigates the possible impacts of cross-border CBDCs on capital flows and financial stability in a simple open economy extension of a classical model of bank runs, augmented with the pres...

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Hlavní autor: Popescu, Adina
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2022.
Edice:IMF Working Papers; Working Paper ; No. 2022/083
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On-line přístup:Full text available on IMF