Options de recherche
Page d’accueil Médias Notes explicatives Recherche et publications Statistiques Politique monétaire L’euro Paiements et marchés Carrières
Suggestions
Trier par
Pas disponible en français

Lorena Barreiro

11 October 2022
OCCASIONAL PAPER SERIES - No. 307
Details
Abstract
Central banks have been discussing the introduction of a retail central bank digital currency (rCBDC) for some time. However, potential obstacles to its adoption by consumers and retailers remain largely unexplored in the academic and policy literature. This paper surveys the key elements involved in the adoption of any new means of payment and discusses failed and ongoing initiatives with public digital money. It concludes that ensuring the desired level of adoption of rCBDCs may impose significant constraints on central bank design choices and policy goals. In fact, in some settings, central banks may find themselves on the horns of a dilemma in seeking to balance the needs to (i) preserve the central bank’s hierarchy of policy goals, (ii) increase the chances of adoption and use of rCBDCs by consumers and retailers, and (iii) avoid any adverse economic effects.
JEL Code
E42 : Macroeconomics and Monetary Economics→Money and Interest Rates→Monetary Systems, Standards, Regimes, Government and the Monetary System, Payment Systems
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
D12 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Empirical Analysis
Network
Eurosystem Research Network on Cash (EURECA)

Notre site Internet utilise des cookies

Nous utilisons des cookies fonctionnels pour conserver les préférences des utilisateurs, des cookies analytiques pour améliorer les performances du site Internet et des cookies tiers définis par des services tiers intégrés au site.

Vous pouvez les accepter ou les refuser. Pour de plus amples informations ou pour explorer vos préférences en matière de cookies et de logs, nous vous invitons à :

Lire notre déclaration de confidentialité

En savoir davantage sur notre utilisation des cookies