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Monetary Policy Pass-Through with Central Bank Digital Currency

12 Mar 2021

'This paper investigates how the introduction of an interest-bearing central bank digital currency (CBDC) that serves as a perfect substitute for bank deposits as an electronic means of payment affects monetary policy pass-through. When the deposit market
economics economy finance interest rate monetary policy science and technology banking digital currency loans mathematics money social sciences central bank bank economic sector financial transaction loan market macro economics market and exchange financial and business service business and finance
Pages
36
Published in
Ottawa, ON, CA, Canada

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