The International Economy: The Case For Central Bank Digital Currencies

An article by Andreas Dombret and Oliver Wuensch featured in The International Economy: “The ability of economic agents to hold central bank money in a more convenient way than physical cash might shift the balance between holdings of central bank money and deposit money with commercial banks. Many of the constraints that deter agents from holding larger amounts of cash do not apply to holdings of CBDC, in particular costly logistics and security measures.”