Showing 1 - 9 of 9
We develop a two-country DSGE model with financial frictions to study the transition from a steady-state without CBDC to one in which the home country issues a CBDC. The CBDC provides households with a liquid, convenient and storage-cost-free means of payments which reduces the market power of...
Persistent link: https://www.econbiz.de/10014490399
Persistent link: https://www.econbiz.de/10014471863
We develop a two-country DSGE model with financial frictions to study the transition from a steady-state without CBDC to one in which the home country issues a CBDC. The CBDC provides households with a liquid, convenient and storage-cost-free means of payments which reduces the market power of...
Persistent link: https://www.econbiz.de/10014483176
Using a new series of crypto shocks, we document that money market funds' (MMF) assets under management, and traditional financial market variables more broadly, do not react to crypto shocks, whereas stablecoin market capitalization does. U.S. monetary policy shocks, in contrast, drive...
Persistent link: https://www.econbiz.de/10015177019
Persistent link: https://www.econbiz.de/10015135294
We examine the open-economy implications of the introduction of a central bank digital currency (CBDC).We add a CBDC to the menu of monetary assets available in a standard two-country DSGE model with financial frictions and consider a broad set of alternative technical features in CBDC design....
Persistent link: https://www.econbiz.de/10013210616
We examine the open-economy implications of the introduction of a central bank digital currency (CBDC). We add a CBDC to the menu of monetary assets available in a standard two-country DSGE model with financial frictions and consider a broad set of alternative technical features in CBDC design....
Persistent link: https://www.econbiz.de/10012317001
Persistent link: https://www.econbiz.de/10013395943
Persistent link: https://www.econbiz.de/10015079985