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This chapter is based on the article “Money and Banking with Reserves and CBDC” by Dirk Niepelt, published in the Journal of Finance in 2024 ( https://doi.org/10.1111/jofi.13357 ). Dirk, Professor of Macroeconomics at the University of Bern, is the sole author of this article. He has kindly agreed to summarize his work for our book.

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Retail CBDC and the Social Costs of Liquidity Provision

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  • 发表日期：

    2025年

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  • Dirk Niepelt

摘要

This chapter is based on the article “Money and Banking with Reserves and CBDC” by Dirk Niepelt, published in the Journal of Finance in 2024 ( https://doi.org/10.1111/jofi.13357 ). Dirk, Professor of Macroeconomics at the University of Bern, is the sole author of this article. He has kindly agreed to summarize his work for our book.