Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/246151 
Autor:innen: 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Staff Memo No. 8/2020
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
The pros and cons of issuing a Central Bank Digital Currency (CBDC) is currently debated by Norges Bank and other central banks. A CBDC would grant access to the central bank balance sheet to a broader set of economic agents, including for example companies or individuals. How such access would be designed or administered are topics of the discussion. One dimension to consider is the potential impact on the stability of the financial system through the effect of CBDC issuance on bank funding markets. This article provides an overview on research related to the demand for financial institutions' funding instruments and derives implications for the issuance of a CBDC. A key message is that CBDC has the potential to substantially crowd out bank funding instruments due to its superior safety features.
Schlagwörter: 
Central bank digital currencies
safe assets
bank funding markets
financial stability
money demand
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-8379-171-6
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Research Report
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
704.75 kB





Publikationen in EconStor sind urheberrechtlich geschützt.