This paper predicts households' demand for a central bank digital currency (CBDC) with different design attributes by applying a structural demand model to a unique Canadian survey dataset. CBDC and its close alternatives, cash and demand deposits, are viewed as product bundles of different...

This paper studies the impact of imperfect banking competition on aggregate fluctuations using a DSGE framework that features a Cournot banking sector. The paper highlights a new propagation mechanism of imperfect banking competition that operates via the dynamics of the expected marginal...

Photo-Fenton reaction combining the photocatalytic and Fenton reactions showed excellent degradation performance. However, it highly demanded the catalysts to display outstanding activity in these two reactions. Herein, Fe-doped carbon nitride/MXenes-derived C-TiO2/Ti3C2 (Fe-C3N4/Ti3C2/C-TiO2)...

To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with. Households value the interest paid on digital...