The impact of a central bank digital currency on payments at the point of sale

We simulate the impact of a central bank digital currency (CBDC) on consumer adoption, merchant acceptance and use of different payment methods. Modest frictions that deter consumer adoption of a CBDC inhibit its market penetration. Minor pricing responses by financial institutions and payment service providers further reduce the impact of a CBDC.

Institutions

Bank of Canada (CA)

Publication Details

Journal: Bank of Canada Research
Published: 2024-12-20
DOI: https://doi.org/10.34989/san-2024-27
Primary Topic: Wood and Agarwood Research
Type: article
Field-Weighted Citation Impact: 0.00

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article

The impact of a central bank digital currency on payments at the point of sale

Dec 20, 2024

Bank of Canada Research

Wood and Agarwood Research

article

The impact of a central bank digital currency on payments at the point of sale

December 20, 2024article en

Abstract

Bank of Canada Research

Bank of Canada (CA)

Openalex Percentile: Top 67%

Wood and Agarwood Research

DOI Open Access PDF OpenAlex

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The impact of a central bank digital currency on payments at the point of sale · Bank of Canada Research (2024) | TGRS Research Map | TGRS