Privacy protection is among the key features to consider in the design of central bank digital currency(CBDC). Using a nationally representative sample of over 3,500 participants, we conduct a randomized online survey experiment with treatments to examine how the willingness to use CBDC as a...

Using a standard Ramsey approach, we examine the optimal allocation of social cost for an electronic payment system in the context of a dynamic general equilibrium model. The benevolent government provides electronic payment services and allocates relevant social cost through taxation on the...