Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education
This study delves into the benefits and risks of central bank digital currency (CBDC) and examines social adaptation, and education using expert interviews and conference insights. Vital findings stress the need for targeted educational efforts to facilitate CBDC adoption. The research also emphasiz...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-12-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188823000321 |
| _version_ | 1797630985974579200 |
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| author | Dóra Horváth |
| author_facet | Dóra Horváth |
| author_sort | Dóra Horváth |
| collection | DOAJ |
| description | This study delves into the benefits and risks of central bank digital currency (CBDC) and examines social adaptation, and education using expert interviews and conference insights. Vital findings stress the need for targeted educational efforts to facilitate CBDC adoption. The research also emphasizes best practices, engaging external experts, and a phased introduction strategy for safe and efficient implementation. Highlighting key stages, it underscores addressing genuine market needs for successful CBDC introduction. Overall, prudent risk management, strategic education, and well-planned phased deployment are crucial for successful CBDC implementation. |
| first_indexed | 2024-03-11T11:15:40Z |
| format | Article |
| id | doaj.art-a0de1bae5f74477a80c07dc22279beb3 |
| institution | Directory Open Access Journal |
| issn | 2666-1888 |
| language | English |
| last_indexed | 2024-03-11T11:15:40Z |
| publishDate | 2023-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj.art-a0de1bae5f74477a80c07dc22279beb32023-11-11T04:28:37ZengElsevierSustainable Futures2666-18882023-12-016100136Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and educationDóra Horváth0Department of Strategic Management, Corvinus University of Budapest, Fővám Square 8., Budapest 1093, HungaryThis study delves into the benefits and risks of central bank digital currency (CBDC) and examines social adaptation, and education using expert interviews and conference insights. Vital findings stress the need for targeted educational efforts to facilitate CBDC adoption. The research also emphasizes best practices, engaging external experts, and a phased introduction strategy for safe and efficient implementation. Highlighting key stages, it underscores addressing genuine market needs for successful CBDC introduction. Overall, prudent risk management, strategic education, and well-planned phased deployment are crucial for successful CBDC implementation.http://www.sciencedirect.com/science/article/pii/S2666188823000321Central bank digital currencyDigital transformationFinancial technologyMonetary policySocial acceptance |
| spellingShingle | Dóra Horváth Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education Sustainable Futures Central bank digital currency Digital transformation Financial technology Monetary policy Social acceptance |
| title | Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education |
| title_full | Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education |
| title_fullStr | Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education |
| title_full_unstemmed | Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education |
| title_short | Money in the digital age: Exploring the potential of central bank digital currency with a focus on social adaptation and education |
| title_sort | money in the digital age exploring the potential of central bank digital currency with a focus on social adaptation and education |
| topic | Central bank digital currency Digital transformation Financial technology Monetary policy Social acceptance |
| url | http://www.sciencedirect.com/science/article/pii/S2666188823000321 |
| work_keys_str_mv | AT dorahorvath moneyinthedigitalageexploringthepotentialofcentralbankdigitalcurrencywithafocusonsocialadaptationandeducation |