Cash Use Across Countries And The Demand For Central Bank Digital Currency

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Cash Use Across Countries and the Demand for Central Bank Digital Currency
Language: en
Pages: 43
Authors: Mr.Tanai Khiaonarong
Categories: Business & Economics
Type: BOOK - Published: 2019-03-01 - Publisher: International Monetary Fund

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The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more c
Cash Use Across Countries and the Demand for Central Bank Digital Currency
Language: en
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Type: BOOK - Published: 2019-03-01 - Publisher: International Monetary Fund

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The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more c
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Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed prefe
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This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and
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We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their p