Central bank digital currency in an open economy
نویسندگان
چکیده
• We examine the open-economy implications of introduction a central bank digital currency (CBDC). analyze international transmission standard monetary policy and technology shocks in presence absence CDBC. The CBDC amplifies spill-overs to significant extent. magnitude these effects depends crucially on design Domestic issuance increases asymmetries system. A two-country DSGE model with (CBDC) is derived used for shocks, optimal welfare. spillovers linkages. CBDC. Moreover, by one economy system reducing autonomy welfare other economy.
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2022
ISSN: ['0304-3932', '1873-1295']
DOI: https://doi.org/10.1016/j.jmoneco.2022.02.001