Central bank digital currencies are increasingly regarded worldwide as viable means of payment. But how do CBDCs affect welfare when used as stores of value? A recent study investigates the ramifications of CBDCs as public money serving as stores of value, customers’ heterogeneous beliefs about bank stability and how it all impacts banks.
Alpha Upsilon is a service and philanthropic organization that supports St. Jude Children’s Hospital, Easterseals, Hope for Heroes and, locally, Camp New Hope.