Friday , March 5 2021
Home / Dirk Niepelt / “Money Creation, Bank Profits, and CBDC,” VoxEU, 2021

“Money Creation, Bank Profits, and CBDC,” VoxEU, 2021

Summary:
VoxEU, February 5, 2021. HTML. Based on CEPR DP 15457, I assess possible implications of the introduction of retail CBDC for bank profits. The model implies annual implicit subsidies to U.S. banks of up to 0.8 percent of GDP during the period 1999-2017.

Topics:
Dirk Niepelt considers the following as important: , , , , , , , ,

This could be interesting, too:

Dirk Niepelt writes “Austerity,” EJ, 2021

Dirk Niepelt writes SNB Profit Distributions

Dirk Niepelt writes Comments on Geneva Report 23

Dirk Niepelt writes “Staatsschulden sind keineswegs kostenlos (Free Government Debt?),” NZZ, 2021

VoxEU, February 5, 2021. HTML.

Based on CEPR DP 15457, I assess possible implications of the introduction of retail CBDC for bank profits. The model implies annual implicit subsidies to U.S. banks of up to 0.8 percent of GDP during the period 1999-2017.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

Leave a Reply

Your email address will not be published. Required fields are marked *