This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent rese

Central banks are increasingly pondering whether to issue their own digital currencies to the general public, so-called retail central bank digital currency (CB

Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed prefe

We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their p

Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and