Money and Banking with Reserves and CBDC
Citations
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- Zhang, Xuanyu & Fan, Xiaoyun, 2025. "On the demand for various CBDC designs: A quantitative decomposition of currency spill-over based on the complementary role," International Review of Economics & Finance, Elsevier, vol. 103(C).
- Volker Brühl, 2025. "How will the digital euro work? A preliminary analysis of design, structures, and challenges," Electronic Markets, Springer;IIM University of St. Gallen, vol. 35(1), pages 1-12, December.
- Beretta Edoardo & Neuberger Doris, 2025. "Trump’s Crypto Plans – A Boost for the Digital Euro?," Intereconomics: Review of European Economic Policy, Paradigm, vol. 60(3), pages 176-181.
- Kam, Timothy & Lee, Hyungsuk & Lee, Junsang & Ng, Sam, 2025. "On a pecuniary externality of competitive banking through goods pricing dispersion," European Economic Review, Elsevier, vol. 179(C).
- Xuesong Huang & Todd Keister, 2026. "Stablecoins vs. Tokenized Deposits: The Narrow Banking Debate Revisited," Staff Reports 1179, Federal Reserve Bank of New York.
- 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.
- Georgarakos, Dimitris & Kenny, Geoff & Laeven, Luc & Meyer, Justus, 2025. "Consumer attitudes towards a central bank digital currency," Working Paper Series 3035, European Central Bank.
- Lorenzo Burlon & Manuel A. Muñoz & Frank Smets, 2024.
"The Optimal Quantity of CBDC in a Bank-Based Economy,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 16(4), pages 172-217, October.
- Burlon, Lorenzo & Montes-Galdón, Carlos & Muñoz, Manuel A. & Smets, Frank, 2022. "The optimal quantity of CBDC in a bank-based economy," Working Paper Series 2689, European Central Bank.
- Lorenzo Burlon & Carlos Montes-Gald n & Manuel A. Mu oz & Frank Smets, 2023. "The optimal quantity of CBDC in a bank-based economy," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 23/1063, Ghent University, Faculty of Economics and Business Administration.
- Burlon, Lorenzo & Montes-Galdón, Carlos & Muñoz, Manuel A. & Smets, Frank, 2022. "The optimal quantity of CBDC in a bank-based economy," CEPR Discussion Papers 16995, Centre for Economic Policy Research.
- Hess, Simon, 2025. "What Difference Does Central Bank Digital Currency Make? Insights from an Agent-based Model," Thuenen-Series of Applied Economic Theory 171, University of Rostock, Institute of Economics.
- Berg, Tobias & Keil, Jan & Martini, Felix & Puri, Manju, 2024.
"CBDCs, Payment Firms, and Geopolitics,"
CEPR Discussion Papers
19367, Centre for Economic Policy Research.
- Tobias Berg & Jan Keil & Felix Martini & Manju Puri, 2024. "CBDCs, Payment Firms, and Geopolitics," NBER Working Papers 32857, National Bureau of Economic Research, Inc.
- Grobys, Klaus & Junttila, Juha-Pekka & Kolari, James W., 2025. "A stablecoin that’s actually stable: A portfolio optimization approach," Journal of Financial Stability, Elsevier, vol. 81(C).
- Bird, Daniel & Weiss, David, 2026. "Central bank digital currency: When price and bank stability (Don’t) collide," Journal of Economic Dynamics and Control, Elsevier, vol. 184(C).
- Jwa Emma Said & Jan Lánský, 2026. "Designing Retail Central Bank Digital Currencies: A Systematic Literature Review of Trade-Offs Between Security, Privacy, and Financial Stability," IJFS, MDPI, vol. 14(5), pages 1-31, May.
- Philippe Bacchetta & Elena Perazzi, 2021.
"CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective,"
Swiss Finance Institute Research Paper Series
21-81, Swiss Finance Institute.
- Perazzi, Elena & Bacchetta, Philippe, 2022. "CBDC as imperfect substitute to bank deposits: a macroeconomic perspective," MPRA Paper 115574, University Library of Munich, Germany.
- Canh Phuc Nguyen & Nguyen Doan & Luis Chavez-Bedoya & Tam Hoang Nhat Dang & Hien Duy Phan, 2026. "Introducing a new index of central bank digital currency development," Quality & Quantity: International Journal of Methodology, Springer, vol. 60(2), pages 3675-3709, April.
- Wu, Jiaqi & Liu, Xin & Zhang, Chenghu, 2024. "Unveiling the influencing mechanism underlying users’ adoption and recommend intentions of central bank digital currency: A behavioral reasoning theory perspective," Journal of Retailing and Consumer Services, Elsevier, vol. 81(C).
- Cong, Lin William & Mayer, Simon, 2025. "Strategic digitization in currency and payment competition," Journal of Financial Economics, Elsevier, vol. 168(C).
- Nyffenegger, Remo, 2024. "Central bank digital currency and bank intermediation: Medium of Exchange vs. Savings vehicle," European Economic Review, Elsevier, vol. 170(C).
- Charles M. Kahn & Maarten R.C. Van Oordt & Yu Zhu, 2026.
"Best Before? Expiring Central Bank Digital Currency and Loss Recovery,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 58(3), pages 787-819, April.
- Charles M. Kahn & Maarten van Oordt & Yu Zhu, 2021. "Best Before? Expiring Central Bank Digital Currency and Loss Recovery," Staff Working Papers 21-67, Bank of Canada.
- Ferrari Minesso, Massimo & Siena, Daniele, 2026. "Private money and public debt. U.S. Stablecoins and the global safe asset channel," Working Paper Series 3174, European Central Bank.
- Son, Jaemin & Ryu, Doojin & Webb, Robert I., 2023. "Central bank digital currency: Payment choices and commercial bank profitability," International Review of Financial Analysis, Elsevier, vol. 90(C).
- Jitender Kumar & Manju Rani, 2025. "Past, present and future of central bank digital currency: a systematic literature review and relevant issues," Journal of Banking Regulation, Palgrave Macmillan, vol. 26(4), pages 701-720, December.
- Bartesaghi, Paolo & Beretta, Edoardo & Desogus, Marco & Korn, Ralf, 2026. "Cash or card – combat or coexistence? A non-cooperative differential game approach," Finance Research Letters, Elsevier, vol. 92(C).
- Dirk Niepelt, 2024.
"Money and Banking with Reserves and CBDC,"
Journal of Finance, American Finance Association, vol. 79(4), pages 2505-2552, August.
- Dirk Niepelt, 2022. "Money and Banking with Reserves and CBDC," Diskussionsschriften dp2212, Universitaet Bern, Departement Volkswirtschaft.
- Niepelt, Dirk, 2023. "Money and Banking with Reserves and CBDC," CEPR Discussion Papers 18444, Centre for Economic Policy Research.
- Peng, Wei & Xin, Baogui & Tan, Hui & Kwon, Jiwon, 2025. "The co-effects of technology innovation and digital infrastructure on central bank digital currency: A DSGE analysis," Research in International Business and Finance, Elsevier, vol. 75(C).
- Abad, Jorge & Nuño, Galo & Thomas, Carlos, 2025.
"CBDC and the operational framework of monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 151(C).
- Jorge Abad & Galo Nuño Barrau & Carlos Thomas, 2023. "CBDC and the operational framework of monetary policy," BIS Working Papers 1126, Bank for International Settlements.
- Abad, Jorge & Nuño, Galo & Thomas, Carlos, 2024. "CBDC and the operational framework of monetary policy," CEPR Discussion Papers 18750, Centre for Economic Policy Research.
- Jorge Abad & Galo Nuño & Carlos Thomas, 2024. "CBDC and the operational framework of monetary policy," Working Papers 2404, Banco de España.
- Jorge Abad & Galo Nuño & Carlos Thomas, 2024. "CBDC and the Operational Framework of Monetary Policy," CESifo Working Paper Series 10896, CESifo.
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