Central bank digital currency and banking choices / by Jiaqi Li, Andrew Usher and Yu Zhu. : FB3-5/2024-4E-PDF
"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 money, the possibility of obtaining complementary financial products, and the access to in-branch services. A non-interest-bearing CBDC that does not provide complementary financial products can substantially crowd out bank deposits only if it provides an extensive service network. Imposing a large limit on CBDC holding would effectively mitigate this crowding out"--Abstract, page ii.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.933707&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Central bank digital currency and banking choices / by Jiaqi Li, Andrew Usher and Yu Zhu. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-4 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | ISSN assigned to different series. "Last updated: February 8, 2024." Includes bibliographical references. Includes abstracts in English and French. |
| Information sur la publication | [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 |
| Auteur / Contributeur | Li, Jiaqi (Economist)author. |
| Description | 1 online resource (ii, 60 pages) : illustrations (some colour). |
| Numéro de catalogue |
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| Descripteurs | Digital currency -- Econometric models. Bank deposits -- Econometric models. Banks and banking -- Econometric models. Monnaie électronique -- Modèles économétriques. Dépôts bancaires -- Modèles économétriques. Services bancaires -- Modèles économétriques. |
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