{"id":"https://openalex.org/W4281751917","doi":"https://doi.org/10.20525/ijfbs.v11i2.1789","title":"A Two-Period Decision Model for Central Bank Digital Currencies and Households","display_name":"A Two-Period Decision Model for Central Bank Digital Currencies and Households","publication_year":2022,"publication_date":"2022-06-02","ids":{"openalex":"https://openalex.org/W4281751917","doi":"https://doi.org/10.20525/ijfbs.v11i2.1789"},"language":"en","primary_location":{"id":"doi:10.20525/ijfbs.v11i2.1789","doi":"https://doi.org/10.20525/ijfbs.v11i2.1789","is_oa":true,"landing_page_url":"https://doi.org/10.20525/ijfbs.v11i2.1789","pdf_url":"http://www.ssbfnet.com/ojs/index.php/ijfbs/article/download/1789/1271","source":{"id":"https://openalex.org/S2739236730","display_name":"International Journal of Finance & Banking Studies (2147-4486)","issn_l":"2147-4486","issn":["2147-4486"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["norway-1"],"host_organization":"https://openalex.org/P4310318263","host_organization_name":"Hasan Dincer","host_organization_lineage":["https://openalex.org/P4310318263"],"host_organization_lineage_names":["Hasan Dincer"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance &amp; Banking Studies (2147-4486)","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://www.ssbfnet.com/ojs/index.php/ijfbs/article/download/1789/1271","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019024704","display_name":"Guizhou Wang","orcid":"https://orcid.org/0000-0001-5297-8105","observed_orcids":["https://orcid.org/0000-0001-5297-8105"]},"institutions":[{"id":"https://openalex.org/I92008406","display_name":"University of Stavanger","ror":"https://ror.org/02qte9q33","country_code":"NO","type":"education","lineage":["https://openalex.org/I92008406"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Guizhou Wang","raw_affiliation_strings":[") Faculty of Science and Technology, University of Stavanger, 4036 Stavanger, Norway"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":") Faculty of Science and Technology, University of Stavanger, 4036 Stavanger, Norway","institution_ids":["https://openalex.org/I92008406"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5059935218","display_name":"Kjell Hausken","orcid":"https://orcid.org/0000-0001-7319-3876","observed_orcids":["https://orcid.org/0000-0001-7319-3876"]},"institutions":[{"id":"https://openalex.org/I92008406","display_name":"University of Stavanger","ror":"https://ror.org/02qte9q33","country_code":"NO","type":"education","lineage":["https://openalex.org/I92008406"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Kjell Hausken","raw_affiliation_strings":["University of Stavanger"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Stavanger","institution_ids":["https://openalex.org/I92008406"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I92008406"],"apc_list":null,"apc_paid":null,"fwci":3.4523,"has_fulltext":true,"cited_by_count":11,"citation_normalized_percentile":{"value":0.92873749,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":"11","issue":"2","first_page":"49","last_page":"68"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6654999852180481,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6654999852180481,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.31540000438690186,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.002400000113993883,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/central-bank-digital-currency","display_name":"central bank digital currency","score":0.9959999918937683},{"id":"https://openalex.org/keywords/negative-interest-rates","display_name":"negative interest rates","score":0.9210000038146973},{"id":"https://openalex.org/keywords/taylor-rule","display_name":"Taylor rule","score":0.7760000228881836},{"id":"https://openalex.org/keywords/two-period-model","display_name":"two-period model","score":0.6840000152587891},{"id":"https://openalex.org/keywords/household-resource-allocation","display_name":"household resource allocation","score":0.6510000228881836},{"id":"https://openalex.org/keywords/transaction-efficiency","display_name":"transaction efficiency","score":0.5559999942779541},{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.6420000195503235},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.5590000152587891}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7408998012542725},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7247312068939209},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6524974703788757},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6417831182479858},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.604000449180603},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4540936350822449},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.4395349621772766},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.264425128698349},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.20525/ijfbs.v11i2.1789","doi":"https://doi.org/10.20525/ijfbs.v11i2.1789","is_oa":true,"landing_page_url":"https://doi.org/10.20525/ijfbs.v11i2.1789","pdf_url":"http://www.ssbfnet.com/ojs/index.php/ijfbs/article/download/1789/1271","source":{"id":"https://openalex.org/S2739236730","display_name":"International Journal of Finance & Banking Studies (2147-4486)","issn_l":"2147-4486","issn":["2147-4486"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["norway-1"],"host_organization":"https://openalex.org/P4310318263","host_organization_name":"Hasan Dincer","host_organization_lineage":["https://openalex.org/P4310318263"],"host_organization_lineage_names":["Hasan Dincer"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance &amp; Banking Studies (2147-4486)","raw_type":"journal-article"},{"id":"pmh:oai:ojs2.www.ssbfnet.com:article/1789","doi":null,"is_oa":true,"landing_page_url":"https://ssbfnet.com/ojs/index.php/ijfbs/article/view/1789","pdf_url":"https://ssbfnet.com/ojs/index.php/ijfbs/article/download/1789/1271","source":{"id":"https://openalex.org/S2739236730","display_name":"International Journal of Finance & Banking Studies (2147-4486)","issn_l":"2147-4486","issn":["2147-4486"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["norway-1"],"host_organization":"https://openalex.org/P4310318263","host_organization_name":"Hasan Dincer","host_organization_lineage":["https://openalex.org/P4310318263"],"host_organization_lineage_names":["Hasan Dincer"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"10.20525/ijfbs.v11i2","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:uis.brage.unit.no:11250/3000277","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/11250/3000277","pdf_url":null,"source":{"id":"https://openalex.org/S7407064446","display_name":"NORA - Norwegian Open Research Archives","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"49-68","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.20525/ijfbs.v11i2.1789","doi":"https://doi.org/10.20525/ijfbs.v11i2.1789","is_oa":true,"landing_page_url":"https://doi.org/10.20525/ijfbs.v11i2.1789","pdf_url":"http://www.ssbfnet.com/ojs/index.php/ijfbs/article/download/1789/1271","source":{"id":"https://openalex.org/S2739236730","display_name":"International Journal of Finance & Banking Studies (2147-4486)","issn_l":"2147-4486","issn":["2147-4486"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["norway-1"],"host_organization":"https://openalex.org/P4310318263","host_organization_name":"Hasan Dincer","host_organization_lineage":["https://openalex.org/P4310318263"],"host_organization_lineage_names":["Hasan Dincer"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance &amp; Banking Studies (2147-4486)","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4281751917.pdf","grobid_xml":"https://content.openalex.org/works/W4281751917.grobid-xml"},"referenced_works_count":31,"referenced_works":["https://openalex.org/W1603390218","https://openalex.org/W1988948335","https://openalex.org/W2002230580","https://openalex.org/W2046411649","https://openalex.org/W2140898820","https://openalex.org/W2275716195","https://openalex.org/W2753070129","https://openalex.org/W2761580280","https://openalex.org/W2888395661","https://openalex.org/W2893796885","https://openalex.org/W2898849676","https://openalex.org/W2982111151","https://openalex.org/W2992101963","https://openalex.org/W2999044884","https://openalex.org/W3000732201","https://openalex.org/W3009952230","https://openalex.org/W3037337399","https://openalex.org/W3047794938","https://openalex.org/W3097467336","https://openalex.org/W3098742089","https://openalex.org/W3121460611","https://openalex.org/W3146955000","https://openalex.org/W3155141378","https://openalex.org/W3171425529","https://openalex.org/W3173618428","https://openalex.org/W3176971574","https://openalex.org/W3186495908","https://openalex.org/W3194993315","https://openalex.org/W4238679076","https://openalex.org/W4281708410","https://openalex.org/W4364355576"],"related_works":["https://openalex.org/W4295196861","https://openalex.org/W4281708410","https://openalex.org/W4417485138","https://openalex.org/W3097467336","https://openalex.org/W4367674351","https://openalex.org/W7215044901","https://openalex.org/W4394773511","https://openalex.org/W7220972981","https://openalex.org/W7171737452","https://openalex.org/W4391974325"],"abstract_inverted_index":{"Central":[0],"bank":[1,25,32,79,146],"digital":[2],"currencies":[3],"(CBDCs)":[4],"give":[5],"rise":[6],"to":[7,38,49,110,131,153,180],"many":[8],"possibilities":[9],"including":[10],"those":[11],"of":[12,72],"negative":[13,82],"interest":[14,41,84,101,151,159,184],"rates.":[15],"A":[16],"two-period":[17],"decision":[18],"model":[19],"is":[20],"presented":[21],"between":[22],"one":[23,27],"central":[24,31,78,145],"and":[26,54,62,121,136,142,168,183],"representative":[28],"household.":[29],"The":[30,43,57,144],"applies":[33],"the":[34,73,77,87,113,129,162,172],"Taylor":[35,114],"(1993)":[36,115],"rule":[37],"choose":[39,81],"its":[40,46,133,138,149],"rate.":[42],"household":[44,88,130],"allocates":[45],"resources":[47],"strategically":[48],"production,":[50,106,181],"consumption,":[51],"CBDC":[52,83,92,134,150,167],"holding,":[53,140],"non-CBDC":[55,139,158,169],"holding.":[56],"results":[58],"are":[59,75,186],"determined":[60],"analytically":[61],"illustrated":[63],"numerically":[64],"by":[65],"varying":[66],"19":[67],"parameter":[68],"values.":[69],"Interesting":[70],"novelties":[71],"article":[74],"that":[76],"may":[80,147],"rates":[85,185],"when":[86],"holds":[89],"far":[90],"more":[91],"than":[93],"non-CBDC,":[94],"for":[95,166,176],"low":[96,99,103,107],"inflation":[97,111,119,182],"rates,":[98,102],"real":[100],"household\u2019s":[104,123,163,173],"potential":[105],"weight":[108],"assigned":[109],"in":[112],"rule,":[116],"high":[117,122],"target":[118],"rate,":[120],"production":[124,141],"parameter.":[125],"That":[126],"usually":[127],"causes":[128],"decrease":[132],"holding":[135],"increase":[137,148],"consumption.":[143],"rate":[152,160],"compete":[154],"with":[155],"an":[156],"increasing":[157],"if":[161],"transaction":[164,174],"efficiencies":[165],"increase,":[170],"or":[171],"efficiency":[175],"consumption":[177],"decreases.":[178],"Shocks":[179],"analyzed.":[187]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":4}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2022-06-13T00:00:00"}
