Retail CBDC and the Social Costs of Liquidity Provision

Dirk Niepelt

Chapter Chapter 8 in The Blockchain Scholars Book, 2025, pp 41-45 from Springer

Abstract: Abstract This chapter is based on the article “Money and Banking with Reserves and CBDC” by Dirk Niepelt, published in the Journal of Finance in 2024 ( https://doi.org/10.1111/jofi.13357 ). Dirk, Professor of Macroeconomics at the University of Bern, is the sole author of this article. He has kindly agreed to summarize his work for our book.

Date: 2025
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DOI: 10.1007/978-981-95-2844-8_8

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