Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/261251 
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Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
Bank of Canada Staff Working Paper No. 2021-65
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
This paper predicts households' demand for a central bank digital currency (CBDC) with different design attributes by applying a structural demand model to a unique Canadian survey dataset. CBDC and its close alternatives, cash and demand deposits, are viewed as product bundles of different attributes. I estimate households' preferences towards these attributes from how they allocate their liquid assets between cash and demand deposits. The estimated preferences are used to predict the demand for CBDC with a set of design attributes and quantify the impacts of CBDC design choices on CBDC demand. Under a baseline design for CBDC, the aggregate CBDC holdings out of households' liquid assets could range from 4 to 52%, depending on whether households would perceive CBDC to be closer to cash or deposits. I find that important design attributes include budgeting usefulness, anonymity, bundling of bank services and rate of return.
Schlagwörter: 
Central bank research
Digital currencies and fintech
JEL: 
E50
E58
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
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