Ecosystem models for a central bank digital currency : analysis framework and potential models / by Youming Liu, Francisco Rivadeneyra, Edona Reshidi, Oleksandr Shcherbakov and André Stenzel. : FB3-6/2024-13E-PDF

"For an intermediated central bank digital currency (CBDC) to be successful, central banks will need to develop sustainable economic models where intermediaries and end users derive value and central banks achieve their policy goals. This note presents a framework for analyzing different economic models of CBDC ecosystems. We analyze the trade-offs of three main CBDC ecosystem models, each with different levels of central bank involvement in activities of the ecosystem and the usage of different policy levers"--Abstract, page ii.

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