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Financial Development and the Instability of Open Economies
Banerjee, Abhijit; Bacchetta, Philippe; Aghion, Philippe - 2004
Economics
Persistent link: https://www.econbiz.de/10009432010
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Currency Crises and Monetary Policy in an Economy with Credit Constraints
Banerjee, Abhijit; Bacchetta, Philippe; Aghion, Philippe - 2001
Economics
Persistent link: https://www.econbiz.de/10009432011
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CBDC as imperfect substitute to bank deposits: a macroeconomic perspective
Perazzi, Elena; Bacchetta, Philippe - 2022
The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed-economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and...
Persistent link: https://www.econbiz.de/10015269069