Digital currencies and fintech

• Central Bank Digital Currency and Banking Choices

  Staff Working Paper 2024-4 Jiaqi Li, Andrew Usher, Yu Zhu

  To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): E, E5, E50, E58

• Market structure of cryptoasset exchanges: Introduction, challenges and emerging trends

  Staff Analytical Note 2024-2 Vladimir Skavysh, Jacob Sharples, Sofia Priazhkina, Salman H. Hasham

  This paper provides an overview of cryptoasset exchanges. We contrast their design with exchanges in traditional financial markets and discuss emerging regulatory trends and innovations aimed at solving the problems cryptoasset exchanges face.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): G, G1, G15, L, L1

• 2022 Methods-of-Payment Survey Report: Cash Use Over 13 Years

  Staff Discussion Paper 2024-1 Christopher Henry, Doina Rusu, Matthew Shimoda

  We present results from the 2022 Methods-of-Payment Survey, including updated payment shares based on a three-day shopping diary. We also assess various factors associated with long-term trends in cash use.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Coronavirus disease (COVID-19), Digital currencies and fintech, Financial services JEL Code(s): D, D8, D83, E, E4, E41