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Central Bank Digital Currency and Money Substitution under the Perspective of Privacy Supply and Demand: The Model and Numerical Analysis
Min HUANG, Xian-cang FANG
Journal of Central University of Finance & Economics, 2024, 0(1): 61-73.  

图2 CBDC隐私保护技术选择与CBDC替代现金比例 注:ω=1、ω<1以及ω>1分别表示可控保密型CBDC、强保密型CBDC和弱保密型CBDC,变量取值分别对应表1情景(1)~情景(5)。α-mc>mc表示商户隐私偏好更强的情形,α-mc<mc表示消费者隐私偏好更强的情形。
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