Most research analyzes the impact of CBDCs on banks under the assumption that they are perfect substitutes to bank deposits. When this assumption is relaxed, how will CBDCs impact the banking sector?

In June the European Commission will publish a legislative proposal on principles for the digital euro as the ECB is considering to advance to an experimental phase. Some interesting commentary on the usefulness and design of the digital euro.

There is a rush to issue CBDCs driven not only by payment system markets considerations but also by an intention to gain financial and geopolitical primacy. Recent research examines these issues.

How will CBDCs affect international currency competition? A potential new design for CBDCs from MIT.

A recent Federal Reserve Board research paper outlines the Fed’s intentions for issuing a digital dollar and the possible approaches.

Which functionalities for the digital euro and what are the risks. The role of commercial banks.

New research on how multiple central bank issued digital currencies can facilitate cross-border payments.