The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While …-not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference … for cash substitutes (cards, electronic money, mobile phone payments). Where cash use is very high, demand should be …

Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older … the demand for cash and why it is falling. Cash use may continue to fall, and card use (the main cash substitute) may fall …

to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much … below zero. In this paper, we consider the practical feasibility of recent proposals for decoupling cash from electronic … money to achieve a negative yield on cash which would remove the lower bound constraint on monetary policy. We discuss how …

mandatory central clearing frameworks in place, covering at least 90 percent of all standardized OTC derivatives in their … clearing, also in light of the international dimension of OTC derivatives contracts. This paper examines the policy options … available to countries that have yet to fully conform to the clearing mandate, centered on the setup of local CCPs or on the use …