Can I read CBDC: Welfare and Policy Analysis on EtoBox?

CBDC: Welfare and Policy Analysis by roycecheng0301 is a document available to read on EtoBox.

What is CBDC: Welfare and Policy Analysis about?

The document analyzes the implications of introducing central bank digital currency (CBDC) through a model of banking and payment systems. It argues that while CBDC can enhance welfare by competing with private payment methods and improving the efficiency of safe asset usage, it does not necessarily expand the set of equilibrium allocations. The paper discusses various designs for CBDC and their potential impacts on monetary policy and private banking, highlighting the importance of privacy in transactions.

Author

roycecheng0301

Language

EN