{"id":28497,"date":"2024-06-20T22:00:26","date_gmt":"2024-06-20T22:00:26","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/research-question-how-might-the-impending-integration-of-central-bank-digital-currencies-cbdcs-affect-the-strategic-positioning-and-long-term-sustainability-of-commercial-banks\/"},"modified":"2024-06-20T22:00:26","modified_gmt":"2024-06-20T22:00:26","slug":"research-question-how-might-the-impending-integration-of-central-bank-digital-currencies-cbdcs-affect-the-strategic-positioning-and-long-term-sustainability-of-commercial-banks","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/research-question-how-might-the-impending-integration-of-central-bank-digital-currencies-cbdcs-affect-the-strategic-positioning-and-long-term-sustainability-of-commercial-banks\/","title":{"rendered":"Research question : How might the impending integration of Central Bank Digital Currencies (CBDCs) affect the strategic positioning and long-term sustainability of commercial banks?"},"content":{"rendered":"<p style=\"margin: 0cm 0cm 8pt; font-size: medium; line-height: 18.4px; cursor: auto;\"><b style=\"cursor: auto;\"><u style=\"cursor: auto;\"><span style=\"cursor: auto;\">LITTERATURES TO BE USED :<\/span><\/u><\/b><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">1)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Barrdear, J., &amp; Kumhof, M. (2016). The macroeconomics of central bank issued digital currencies.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Bank of England Working Paper, 605.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">2)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Bech, M., &amp; Garratt, R. (2017). Central bank cryptocurrencies. BIS Quarterly Review, March.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">3)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Bordo, M. D., &amp; Levin, A. T. (2017). Central bank digital currency and the future of monetary policy. NBER Working Paper, 23711.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">4)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Boar, C., Holden, H., &amp; Wadsworth, A. (2020). Impending arrival &#8211; a sequel to the survey on central bank digital currency. BIS Papers, 114.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">5)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Bordo, M. D., &amp; Levin, A. T. (2021). Central bank digital currency: A framework for analysis. Journal of Economic Literature, 59(1), 27-70.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">6)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Brunnermeier, M. K., &amp; Niepelt, D. (2019). On the equivalence of private and public money. Journal of Monetary Economics, 106, 27-41.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">7)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Carstens, A., &amp; Caruana, J. (2019). The future of money and payments. Speech at the Reinventing Bretton Woods Committee Conference, Washington, DC.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">8)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">C\u0153ur\u00e9, B. (2018). Casting light on central bank digital currency. Speech at the Economics of Payments IX Conference, Basel, Switzerland.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">9)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Easley, D., &amp; O&#8217;Hara, M. (2017). The economics of blockchain. NBER Working Paper, 23047.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">10)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Frost, J., &amp; Struyven, D. (2018). The case for central bank electronic money and the non-case for central bank cryptocurrencies. PIIE Policy Brief, 18-14.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">11)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Gnan, E., &amp; Koch, C. (2018). Central bank digital currency and the role of the banking sector. OeNB Financial Stability Report, 36, 54-67.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">12)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Gorton, G., &amp; Zhang, L. (2018). Digital currencies, decentralized ledgers, and the future of central banking. NBER Working Paper, 24845.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">13)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">He, D., &amp; others. (2021). Exploring the impact of central bank digital currencies. BIS Papers, 118.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">14)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Kumhof, M., &amp; Noone, C. (2018). Central bank digital currencies\u2014design principles and balance sheet implications. Bank of England Staff Working Paper, 725.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">15)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Lipton, A., &amp; McAfee, A. (2017). The age of cryptocurrency: How Bitcoin and digital money are challenging the global economic order. St. Martin&#8217;s Press.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">16)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Narayanan, A., &amp; others. (2016). Bitcoin and cryptocurrency technologies: A comprehensive introduction. Princeton University Press.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">17)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Raskin, M., &amp; Yermack, D. (2016). Digital currencies, decentralized ledgers, and the future of central banking. NBER Working Paper, 22238.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">18)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Rogoff, K. (2016). The curse of cash. Princeton University Press.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">19)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Townsend, R. R. (2017). What the Fed did next: Reverse QE and forward guidance. American Economic Review, 107(9), 2769-2810.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">20)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Vigna, P., &amp; Casey, M. J. (2016). The age of cryptocurrency: How Bitcoin and the blockchain are challenging the global economic order. Picador.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">21)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Asmelash, H. G., &amp; Shu, C. (2020). The Impact of Central Bank Digital Currency on Commercial Banks: A Literature Review.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Journal of Central Banking Theory and Practice, 9(1), 185-208.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">22)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Baradaran, S. (2018). The law of the ledger: Central banks and cryptocurrencies.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">California Law Review, 106(1), 113-156.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">23)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Beck, T., &amp; Damar, H. E. (2021). Central Bank Digital Currencies and Banking.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">BIS Working Paper, No. 952.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">24)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Bindseil, U. (2021). Central Bank Digital Currency and the Banking System: A Review of the Theoretical Literature.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">ECB Working Paper, No. 2563.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">25)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Bowman, R., &amp; Chen, H. (2021). Central Bank Digital Currency: Potential Implications for Monetary Policy and Financial Stability.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">IMF Working Paper, No. 21\/60.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">26)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Carstens, A., &amp; Shin, H. S. (2019). The implications of digital currencies for monetary policy.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">BIS Working Paper, No. 765.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">27)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Chiu, J., &amp; Koeppl, T. V. (2019). Central Bank Digital Currency and Banking.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Federal Reserve Bank of Chicago Working Paper, No. 2019-11.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">28)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Claessens, S., &amp; Frost, J. (2018). Fintech and Central Banks: A Review of Bank of Canada Research.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Bank of Canada Review, Spring 2018.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">29)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Deng, Z., &amp; Wang, J. (2020). Central Bank Digital Currency and Its Potential Impact on Commercial Banks: Evidence from a Survey.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">International Journal of Economics and Finance, 12(11), 1-15.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">30)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Dombret, A., &amp; Kenner, A. (2020). Central Bank Digital Currency: Challenges, Opportunities, and Implications for the Banking Sector.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">CESifo Working Paper, No. 8292.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">31)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Duffie, D. (2019). Central Bank Digital Currency and the Future of Monetary Policy.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Stanford University Working Paper.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">32)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Fernandez-Villaverde, J., &amp; Sanches, D. (2016).<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Can currency competition work? BIS Working Paper, No. 592.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">33)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Frost, J., &amp; Struyven, D. (2018). Central Bank Digital Currency: Central Banking for All?<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">PIIE Working Paper, No. 18-11.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">34)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Geng, Z., &amp; Wang, L. (2020). Central Bank Digital Currency and Its Implications for Commercial Banks.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Journal of Systems Science and Information, 8(3), 232-246.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">35)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Gnan, E., &amp; others. (2019). Central Bank Digital Currencies and Commercial Banks: Identifying Policy Trade-offs.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">OeNB Financial Stability Report, 38, 81-97.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">36)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Igan, D., &amp; others. (2019). Central Bank Digital Currencies: Drivers, Approaches, and Technologies.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">IMF Working Paper, No. 19\/97.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">37)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Khiaonarong, T. (2020). Central Bank Digital Currency: A Review of Policy and Strategic Issues.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Journal of Money and Finance, 39, 117-128.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">38)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Mancini-Griffoli, T., &amp; others. (2018). Casting Light on Central Bank Digital Currency.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">IMF Working Paper, No. 18\/255.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">39)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Mylonas, P., &amp; others. (2020). Central Bank Digital Currencies and Their Implications for the Banking Sector.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Bank of Greece Working Paper, No. 274.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">40)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Nakaso, H. (2017). The Future of Money and Central Banks. Speech at the Japan Society of Monetary Economics Annual Meeting, Tokyo, Japan.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">41)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Prasad, E. S., &amp; Shirk, L. (2019). The implications of digital money and central bank digital currencies.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Brookings Institution Working Paper, No. 11.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">42)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Rogoff, K. (2017). Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">American Economic Review, 107(9), 2465-2507.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">43)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Swartz, L. J. (2019). Central Bank Digital Currency and Banking: The Economics of Innovation and Regulatory Responses.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">Federal Reserve Bank of Cleveland Working Paper, No. 19-13.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">44)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Townsend, R. R. (2017). What the Fed did next: Reverse QE and forward guidance.<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"cursor: auto;\">American Economic Review, 107(9), 2769-2810.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><span style=\"cursor: auto;\">45)<span style=\"font-size: 7pt; line-height: normal; cursor: auto;\">&nbsp;<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/span><\/span><span style=\"cursor: auto;\">Yermack, D. (2015). Is Bitcoin a real currency? An economic appraisal. Handbook of digital currency, 31-43.<\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><br \/><\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\"><br \/><\/span><\/p>\n<p style=\"cursor: auto;\"><span style=\"cursor: auto;\">QUESTION:&nbsp;<\/span><b style=\"font-variant-caps: inherit; cursor: auto;\"><span style=\"font-size: 11pt; cursor: auto;\">How might the impending integration of Central Bank Digital Currencies (CBDCs) affect the strategic positioning and long-term sustainability of commercial banks?<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LITTERATURES TO BE USED : 1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barrdear, J., &amp; Kumhof, M. (2016). The macroeconomics of central bank issued digital currencies.&nbsp;Bank of England Working Paper, 605. 2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bech, M., &amp; Garratt, R. (2017). Central bank cryptocurrencies. BIS Quarterly Review, March. 3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bordo, M. D., &amp; Levin, A. T. (2017). Central bank digital currency and the future of monetary policy. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[18],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/28497"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=28497"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/28497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=28497"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=28497"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=28497"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=28497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}