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CBDC in the market for payments at the point of sale : equilibrium impact and incumbent responses / by Walter Engert, Oleksandr Shcherbakov and André Stenzel.: FB3-5/2024-52E-PDF

"We investigate the introduction of a central bank digital currency (CBDC) into the market for payments. Focusing on the point of sale, we develop and estimate a structural model of consumer adoption, merchant acceptance and usage decisions. We counterfactually simulate the introduction of a CBDC, considering a version with debit-like characteristics and one encompassing the best of cash and debit, and characterize outcomes for a range of potential adoption frictions"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.950458&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleCBDC in the market for payments at the point of sale : equilibrium impact and incumbent responses / by Walter Engert, Oleksandr Shcherbakov and André Stenzel.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-52
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • ISSN assigned to different series.
  • "Last updated: December 20, 2024."
  • Includes bibliographical references (pages 36-38).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2024.
  • ©2024
Author / Contributor
  • Engert, Walter, author.
Description1 online resource (ii, 50 pages) : graphs.
Catalogue number
  • FB3-5/2024-52E-PDF
Subject terms
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