Publicação
Central bank digital currency, bank disintermediation, and financial crises
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Silva, André de Castro | |
| dc.contributor.author | Leão, Maria Teresa Azevedo Barbosa | |
| dc.date.accessioned | 2025-08-27T13:30:01Z | |
| dc.date.available | 2025-08-27T13:30:01Z | |
| dc.date.issued | 2025-01-24 | |
| dc.date.submitted | 2025-01-16 | |
| dc.description.abstract | The development of a Central Bank Digital Currency (CBDC) raises concerns about potential bank disintermediation. Especially during financial crises, pessimistic consumers may shift from bank deposits to cash that as a safer store of value. The introduction of a CBDC, viewed as a superior substitute for cash, could amplify this effect. Using the Diamond-Dybvig model with public money as a store of value and a Beta distribution to capture belief dispersion during crises, this thesis analyzes how consumer beliefs drive disintermediation and its implications for financial stability, monetary policy, and the banking sector. | pt_PT |
| dc.identifier.tid | 203989597 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/186943 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Financial crisis | pt_PT |
| dc.subject | Central Bank | pt_PT |
| dc.subject | Cash | pt_PT |
| dc.subject | Central Bank Digital Currency | pt_PT |
| dc.subject | Bank disintermediation | pt_PT |
| dc.title | Central bank digital currency, bank disintermediation, and financial crises | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Economics from the Nova School of Business and Economics | pt_PT |