TY  -  
T1  - Digital currencies in financial networks 
SN  -  /  
UR  - http://hdl.handle.net/10138/317766 
T3  - European Banking Authority Staff Paper Series 
A1  - Castrén, Olli; Kavonius, Ilja Kristian; Rancan, Michela 
A2  -  
PB  - European Banking Authority 
Y1  - 2020 
LA  - eng 
AB  - We introduce a digital currency, either as a central bank digital currency (CBDC) or a financial crypto asset (stablecoin), in the network of financial accounts. Simulating a shift of deposits by both households and non-financial corporations from the banking sector to the digital currency, we model the different responses of the affected institutional sectors. We find that the introduction of a digital currency generates significant adjustments in the balance sheets of all sectors, may trigger ... 
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KW  - 511 Economics; 112 Statistics and probability 
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