most citedThe Impact of Heterogeneous Trading Rules on the Limit Order Book and Order Flows

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econ.GN2025

Central Bank Digital Currency, Flight-to-Quality, and Bank-Runs in an Agent-Based Model

Emilio Barucci, Andrea Gurgone, Giulia Iori +1

We analyse financial stability and welfare impacts associated with the introduction of a Central Bank Digital Currency (CBDC) in a macroeconomic agent-based model. The model consid…