Navigating Negative Interest Rates: The Role of CBDCs in Reshaping Monetary Policy
by Digital Euro Association on Jul 2, 2024 12:59:57 PM
The prospect of central bank digital currencies (CBDCs) emerges as a transformative force capable of reshaping our understanding of monetary policy and its instruments. The recent study, "Assessing the Effective Lower Bound in the Context of Introducing the Digital Euro," by authors M …
Transactional demand for CBDC
by Digital Euro Association on Apr 30, 2024 11:39:32 AM
By Luca Nocciola & Alejandro Zamora-Pérez In response to digitalization and the declining use of cash, the economy is undergoing the gradual replacement of public money (cash) with private means of payment in transactions. Recently, such concerns have led central banks to investig …