| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17313 |
| DP17313 The digital economy, privacy, and CBDC | |
| Toni Ahnert; Peter Hoffmann; Cyril Monnet | |
| 发表日期 | 2022-05-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study a model of financial intermediation, payment choice, and privacy in the digital economy. Cash preserves anonymity but cannot be used for more efficient online transactions. By contrast, bank deposits can be used online but do not preserve anonymity. Banks use the information contained in deposit flows to extract rents from merchants in need of financing. Payment tokens issued by digital platforms allow merchants to hide from banks but enable platforms to stifle competition. An independent digital payment instrument (a CBDC) that allows agents to share their payment data with selected parties can overcome all frictions and achieves the efficient allocation. |
| 主题 | Financial Economics |
| 关键词 | Financial intermediation Digital platforms Privacy Payments Central bank digital currency |
| URL | https://cepr.org/publications/dp17313 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546344 |
| 推荐引用方式 GB/T 7714 | Toni Ahnert,Peter Hoffmann,Cyril Monnet. DP17313 The digital economy, privacy, and CBDC. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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