Yu Zhu - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:57:08+00:00Monetary Policy Pass-Through with Central Bank Digital Currency
https://www.bankofcanada.ca/2021/03/staff-working-paper-2021-10/
Many central banks are considering issuing a central bank digital currency (CBDC). This would introduce a new policy tool—interest on CBDC. We investigate how this new tool would interact with traditional monetary policy tools, such as the interest on central bank reserves.2021-03-12T10:23:25+00:00enMonetary Policy Pass-Through with Central Bank Digital Currency2021-03-12Digital currencies and fintechMonetary policy transmissionStaff Working Paper 2021-10https://www.bankofcanada.ca/wp-content/uploads/2021/03/swp2021-10.pdfStaff Working Paper 2021-10Janet Hua JiangYu ZhuMarch 2021EE5E50E52