Consumer preferences for a digital euro: insights from a discrete choice experiment in Austria

Helmut Elsinger, Helmut Stix and Martin Summer

No 1302, BIS Working Papers from Bank for International Settlements

Abstract: This paper examines consumers' intended adoption of a digital euro in Austria using a discrete choice experiment. We estimate a mixed logit model to quantify the role of key attributes such as privacy, offline functionality, security against financial loss, monetary incentives, and payment form factors. Our findings indicate that security and financial incentives are the strongest drivers of adoption, while respondents do not report strong preferences among the privacy options that are laid out in the experiment. We identify significant heterogeneity in adoption likelihood across socio-demographic groups. Simulations suggest that under realistic design assumptions, approximately 45% of individuals are found to have an intention to adopt a digital euro.

Keywords: central bank digital currency (CBDC); consumer adoption; discrete choice experiment; payment preferences (search for similar items in EconPapers)
JEL-codes: C35 D12 E42 G21 (search for similar items in EconPapers)
Date: 2025-11
New Economics Papers: this item is included in nep-exp and nep-mon
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