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 85x       Filetype PDF       File size 3.37 MB       Source: www.ecb.europa.eu


File: Ecwp2488~fede33caen
Working Paper Series Massimo Minesso Ferrari, Arnaud Mehl, Central bank digital currency Livio Stracca in an open economy No 2488 / November 2020 Disclaimer: This paper should not be reported ...

icon picture PDF Filetype PDF | Posted on 02 Jan 2023 | 2 years ago
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...Working paper series massimo minesso ferrari arnaud mehl central bank digital currency livio stracca in an open economy no november disclaimer this should not be reported as representing the views of european ecb expressed are those authors and do necessarily reflect abstract we examine implications introduction a cbdc add to menu monetary assets available standard two country dsge model with nancial frictions consider broad set alternative technical features design analyse international transmission policy technology shocks presence absence cdbc for optimal welfare amplies spillovers signicant extent thereby increasing linkages but magnitude these eects depends crucially on can signicantly dampened if possesses specic also show that domestic issuance increases asymmetries system by reducing autonomy foreign economies keywords jel codes e f non summary spurred competition from innovative payment solutions developed private sec tor has received attention both circles academia more recen...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 02 Jan 2023 | 2 years ago
										
										
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Filetype: PDF
										
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