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Central Bank Digital Currency as a Store of Value and Banks

Central bank digital currencies are increasingly regarded worldwide as viable means of payment. But how do CBDCs affect welfare when used as stores of value? A recent study investigates the ramifications of CBDCs as public money serving as stores of value, customers’ heterogeneous beliefs about bank stability and how it all impacts banks. ....

United States , Bruxelles Capitale , Noord Holland , Jonathan Ashworth , Barbara Meller , Helmut Stix , Petya Radulova , Katrin Assenmacher , Wei Xiong , Raphael Auer , Lorenzo Burlon , Charles Goodhart , Henk Esselink , Thomasw Ross , Lola Hern , Clemens Jobst , Harald Uhlig , Natalia Mart , Fabio Panetta , Todd Keister , Frank Smets , Costanza Rodriguez , Alejandro Zamora , Oscar Soons , Philiph Dybvig , Ulrich Bindseil ,

Financial Stability Review, May 2022

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

Region Flamande , United States , United Kingdom , Czech Republic , Frankfurt Am Main , Lieven Hermans , Lorenzo Pangallo , Annalaura Ianiro , Martina Spaggiari , Matilda Gjirja , Katharina Cera , Van Robays , Michal Dvo , Barbara Meller , Julius Schneider , Olimpia Carradori , Luca Mingarelli , Linda Fache Rousov , Markus Behn , Michael Wedow , Dominik Vu , Dilyara Salakhova , Othman Bouabdallah , Sujit Kapadia , David Lodge , Peter Welz ,