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We derive the Bitcoin exchange rate dynamics by solving the exchange rate equation of the standard flexible …-price monetary model to investigate any characteristics of Bitcoin like a currency. The dynamics is driven by an asymmetric mean … the Bitcoin transaction volume indicating demand for Bitcoin; and with the risk reversals of the commodity currencies …
Persistent link: https://www.econbiz.de/10014236867
We derive the Bitcoin exchange rate dynamics by solving the exchange rate equation of the standard flexible …-price monetary model to investigate any characteristics of Bitcoin like a currency. The dynamics is driven by an asymmetric mean … the Bitcoin transaction volume indicating demand for Bitcoin; and with the risk reversals of the commodity currencies …
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The aim of this paper is to analyse the demand of a central bank digital currency (CBDC). Using a financial portfolio approach and assuming that individual preferences and policy votes are consistent, we identify the drivers of the political consensus in favour or against such as new currency....
Persistent link: https://www.econbiz.de/10012921960
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
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