Future Finance Fest (3f)
Amsterdam, The Netherlands • 5 June 2026
Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Session 308
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| Presentations | ||
The Design of Central Bank Digital Currencies and Consumer Demand 1University of Houston, United States of America; 2Georgetown University, United States of America; 3University of Manchester, UK The design of Central Bank Digital Currencies (CBDCs) plays a critical role in determining their adoption and economic impact. This paper presents evidence from a nationally representative survey of 10,000 UK residents assessing consumer willingness to adopt the proposed Digital Pound. We first document that, while overall adoption intent is modestly positive, it varies substantially by demographic group and transaction type: adoption peaks among individuals in their thirties, men, and those with higher income, education, or trust in institutions, and is strongest for low-stakes transactions such as online purchases and small everyday expenses. We then leverage a randomized information-treatment experiment to isolate the causal impact of key design features—such as interest payments, privacy protections, integration with banking apps, and government incentives— on demand. Interest-bearing functionality and financial i ncentives s ignificantly in crease adoption, particularly among consumers initially skeptical of CBDCs, followed by privacy considerations. By contrast, technology-enabled benefits a nd i ntegration w ith t he b anking s ector h ave l imited effects. These findings u nderscore t he c ritical r ole o f e ffective de sign an d ta rgeted po licies in expanding adoption and realizing the potential of CBDCs. | ||