Simulating the Adoption of a Retail CBDC
A new paper, written by FNA’ers Jose Fernando Moreno Gutierrez, Carlos Leon and Kimmo Soramaki, was recently published in the Journal of Economics and Statistics (Jahrbücher für Nationalökonomie und Statistik).
The study uses agent-based modelling to create a digital twin of Spain’s retail payment system on the FNA platform and simulates the adoption of retail Central Bank Digital Currencies based on hypothetical scenarios corresponding to public discussions regarding the Digital Euro. Its aim is to investigate how different design features and incentives impact adoption rates among consumers and merchants.
The paper is available via Open Access and was also recently referenced by a recent Deloitte Monitor Report on the adoption of the Digital Euro in Spain- recently published in the top Spanish finance and economics paper, Expansion.
