Central Banks Digital Currency - Opportunities and Innovation
The issuance of a Central Bank Digital Currency (CBDC) is a very important step towards a fully digital economic environment and the consequences of such a direction are under debate by many policymakers around the world. There is a clear interest within the space as governments around the world are...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2021-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%205/18.pdf |
| _version_ | 1818678509947584512 |
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| author | Andrei-Dragos Popescu |
| author_facet | Andrei-Dragos Popescu |
| author_sort | Andrei-Dragos Popescu |
| collection | DOAJ |
| description | The issuance of a Central Bank Digital Currency (CBDC) is a very important step towards a fully digital economic environment and the consequences of such a direction are under debate by many policymakers around the world.
There is a clear interest within the space as governments around the world are exploring the viability of a digital currency and according to the latest Bank for International Settlements (2021) report: 86% of the world's central banks have begun to conceptualize and research the potential of CBDC, 60% are developing Proof-of-Concepts (PoC) and 14% are implementing pilot projects.
This paper provides a comprehensive overview for finance and investment participants about the topic of Central Bank Digital Currencies. The recent international exploration into the future of Central Bank money is complex as it is interconnected with two equally dynamic entities: Digital Currencies and Blockchain/Distributed Ledger Technology. |
| first_indexed | 2024-12-17T09:16:24Z |
| format | Article |
| id | doaj.art-e8dc1c0708ff47b882b8d77a0d9630e5 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-12-17T09:16:24Z |
| publishDate | 2021-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-e8dc1c0708ff47b882b8d77a0d9630e52022-12-21T21:54:58ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272021-01-01XXI1813822Central Banks Digital Currency - Opportunities and InnovationAndrei-Dragos Popescu0University of CraiovaThe issuance of a Central Bank Digital Currency (CBDC) is a very important step towards a fully digital economic environment and the consequences of such a direction are under debate by many policymakers around the world. There is a clear interest within the space as governments around the world are exploring the viability of a digital currency and according to the latest Bank for International Settlements (2021) report: 86% of the world's central banks have begun to conceptualize and research the potential of CBDC, 60% are developing Proof-of-Concepts (PoC) and 14% are implementing pilot projects. This paper provides a comprehensive overview for finance and investment participants about the topic of Central Bank Digital Currencies. The recent international exploration into the future of Central Bank money is complex as it is interconnected with two equally dynamic entities: Digital Currencies and Blockchain/Distributed Ledger Technology.https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%205/18.pdfcentral bank digital currencyfinancial stabilitymonetary policy |
| spellingShingle | Andrei-Dragos Popescu Central Banks Digital Currency - Opportunities and Innovation Ovidius University Annals: Economic Sciences Series central bank digital currency financial stability monetary policy |
| title | Central Banks Digital Currency - Opportunities and Innovation |
| title_full | Central Banks Digital Currency - Opportunities and Innovation |
| title_fullStr | Central Banks Digital Currency - Opportunities and Innovation |
| title_full_unstemmed | Central Banks Digital Currency - Opportunities and Innovation |
| title_short | Central Banks Digital Currency - Opportunities and Innovation |
| title_sort | central banks digital currency opportunities and innovation |
| topic | central bank digital currency financial stability monetary policy |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%205/18.pdf |
| work_keys_str_mv | AT andreidragospopescu centralbanksdigitalcurrencyopportunitiesandinnovation |