Peter Hoffmann,Cyril Monnet, Toni Ahnert Mar 02,2024
Working Paper No.00139-00
We propose a model of financial intermediation, payments choice, and privacy in the digital economy. While digital payments enable merchants to sell... Read More
Peter Hoffmann,Agnese Leonello,Davide Porcellacchia, Toni Ahnert Dec 20,2023
Working Paper No.00100-03
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model... Read More