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Blockchain
Nofer, Michael; Gomber, Peter; Hinz, Oliver; Schiereck, Dirk - In: Business & information systems engineering : BISE ; the … 59 (2017) 3, pp. 183-187
Persistent link: https://www.econbiz.de/10011719692
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Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10011884338
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Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
Persistent link: https://www.econbiz.de/10011974117
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Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10011889522
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Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10011890522
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Monetary policy with reserves and CBDC : optimality, equivalence, and politics
Niepelt, Dirk - 2020
We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues reserves and a retail CBDC. Monies differ with respect to operating costs and liquidity. We map the framework into a baseline business cycle model with “pseudo wedges” and...
Persistent link: https://www.econbiz.de/10012318352
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Monetary policy with reserves and CBDC: optimality, equivalence, and politics
Niepelt, Dirk - 2020
We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues reserves and a retail CBDC. Monies differ with respect to operating costs and liquidity. We map the framework into a baseline business cycle model with "pseudo wedges" and derive...
Persistent link: https://www.econbiz.de/10012318684
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Monetary policy with reserves and CBDC: optimality, equivalence, and politics
Niepelt, Dirk - 2020
We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues reserves and a retail CBDC. Monies differ with respect to operating costs and liquidity. We map the framework into a baseline business cycle model with "pseudo wedges" and derive...
Persistent link: https://www.econbiz.de/10012319572
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On the equivalence of private and public money
Brunnermeier, Markus Konrad; Niepelt, Dirk - In: Journal of monetary economics 106 (2019), pp. 27-41
Persistent link: https://www.econbiz.de/10012266597
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Monetary policy with reserves and CBDC : optimality, equivalence, and politics
Niepelt, Dirk - 2020
Persistent link: https://www.econbiz.de/10012372905