Monetary Policy Transmission, Central Bank Digital Currency, and Bank Market Power - Replication Data
Abstract
Interest rates on new central bank digital currencies (CBDCs) can be expected to enter the monetary policy toolkit soon. Using an extended Sidrauski (1967) model featuring an oligopsonistic banking sector, we study the complex transmission of interest rates on CBDC, which generally involve both direct and indirect effects.
Fields of Study & Subjects
Monetary Policy and Economic Impact
Economic theories and models
Banking stability
regulation
efficiency
Publication details
- Journal / source
- ZBW Journal Data Archive
- Publication date
- 15 January 2026