Forecasting central bank digital currency demand from mobile payment behaviour: evidence from Chinese family financial literacy survey

• Qianqiu Yang ^[1] ; Guichuan Zhou ^[1] ; Xiangrui Chao ^[1]
  1. [1] Sichuan University

     Sichuan University

     China

     
• Localización: Revista española de financiación y contabilidad, ISSN 0210-2412, Vol. 54, Nº 3, 2025, págs. 319-346
• Idioma: inglés
• DOI: 10.1080/02102412.2025.2501865
• Texto completo no disponible (Saber más ...)
• Resumen

  • This study empirically explores the impacts of Household Financial Literacy and user preferences on holding Central Bank Digital Currency using data from the China Household Finance Survey. Firstly, we construct a mobile payment behaviour utility model and an adoption probability model to calculate the mobile payment probabilities of different households. Then, we empirically study the relationship between the mobile payment adoption probability and the digital currency usage volume, which is an inverted U-shaped relation. The results show that the influence of user preferences on the demand for digital currency exhibits a dynamic effect. The changes in user preferences at different stages can be used to identify the bottlenecks in the promotion of digital currency.

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