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Featured Work
2025
Central Bank Digital Currency and Financial Stability
Feb 24,2025
We develop a model of financial intermediation with remunerated Central Bank Digital Currency (CBDC) as consumers’ alternative to bank
deposits...
2023
Central Bank Digital Currency and Financial Stability
Dec 20,2023
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model...
Central Bank Digital Currency and Financial Stability
Jun 16,2023
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model...
Central Bank Digital Currency and Financial Stability
May 25,2023
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model...
Central Bank Digital Currency and Financial Stability
May 22,2023
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model...
2024
Payments and privacy in the digital economy
Mar 02,2024
We propose a model of financial intermediation, payments choice, and privacy in the digital economy. While digital payments enable merchants to sell...