IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/19997.html

Consumer Attitudes towards a Central Bank Digital Currency

Author

Listed:
  • Georgarakos, Dimitris
  • Kenny, Geoff
  • Laeven, Luc
  • Meyer, Justus

Abstract

We field a series of experiments in a population-representative survey of European consumers to examine their attitudes towards the possible introduction of a digital euro. First, we show that a short video explaining the key features of the digital euro is effective in changing consumers’ beliefs about such a new form of payment and increases the likelihood of adoption by 12pp relative to a control group that is not shown the video. Second, we find that on aggregate consumers would allocate a relatively small fraction from a positive wealth shock to digital euros and their allocation to other liquid assets would be little affected. Third, holding limits in the range of €1,000 to €10,000 have insignificant differential effects on the composition of liquid asset holdings. We also show that a non-trivial fraction of consumers report that they will not adopt the digital euro due to strong preferences for existing forms of payment.

Suggested Citation

  • Georgarakos, Dimitris & Kenny, Geoff & Laeven, Luc & Meyer, Justus, 2025. "Consumer Attitudes towards a Central Bank Digital Currency," CEPR Discussion Papers 19997, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:19997
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP19997
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Helmut Elsinger & Helmut Stix & Martin Summer, 2025. "Consumer preferences for a digital euro: insights from a discrete choice experiment in Austria," BIS Working Papers 1302, Bank for International Settlements.
    2. Alessio D'Ignazio & Ludovica Galotto & Daniela Marconi & Marco Panfili, 2025. "Reaching wide through small screens: the impact of a Banca d'Italia financial education TV campaign," Questioni di Economia e Finanza (Occasional Papers) 990, Bank of Italy, Economic Research and International Relations Area.
    3. Bernd Hayo & Matthias Neuenkirch & Manuel Walz, 2026. "Estimating the Demand for a Digital Euro: A Survey Approach for France, Germany and Italy," CESifo Working Paper Series 12706, CESifo.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:19997. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CEPR (email available below). General contact details of provider: https://cepr.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.