G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17313
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
URLhttps://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.
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