The macroeconomics of central bank digital currencies

DOI10.1016/J.JEDC.2021.104148OpenAlexW3161792430MaRDI QIDQ2168193

Michael Kumhof, John Barrdear

Publication date: 31 August 2022

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104148

zbMATH Keywords

money demandfinancial intermediationseignioragebanksblockchainendogenous moneymoney creationbank lendingcentral bank digital currencycountercyclical policydistributed ledgers

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Related Items (3)

Private bank money vs central bank money: a historical lesson for CBDC introduction ⋮ Traditional and digital currencies in over-the-counter markets ⋮ THE BROAD CONSEQUENCES OF NARROW BANKING

Cites Work

• Optimal fiscal and monetary policy under sticky prices.
• Banks, money, and the zero lower bound on deposit rates
• Bank Runs, Deposit Insurance, and Liquidity

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