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The Macroeconomic Effects of an Interest-Bearing CBDC: A DSGE Model
Mathematics, 2022 We develop a medium size dynamic stochastic general equilibrium (DSGE) model to assess the macroeconomic consequences of introducing an interest-bearing central bank digital currency (CBDC), an electronic alternative of payment with public use properties
Ferry Syarifuddin, Toni Bakhtiar
exaly +3 more sources
Rethinking the Rise of Global Central Bank Digital Currencies: A Policy Perspective [PDF]
Contemporary Social Sciences, 2023 This article discusses the impact of central bank digital currency(CBDC) from the perspective of monetary and fiscal policy. We mainly discuss how retail CBDC can improve traditional policy performance.
Chen Gengxuan, Jia Qinmin, Ling Hao
doaj +2 more sources
Ground Base Value of Anarchism and Social Security in Indonesia
Humaniora, 2023 The research aimed to find anarchic aspects outside of the misconceptions circulating through the dialectic of anarchism theory and social theory. Anarchism had always been misconceived as an activity that correlated with chaos and brutality or anti ...
Dika Sri Pandanari
doaj +1 more source
DESIGN AND LEGAL ASPECT OF CENTRAL BANK DIGITAL CURRENCY: A LITERATURE REVIEW
Journal of Central Banking Law and Institutions, 2022 The development of digitalisation in the financial services sector has compelled Bank Indonesia to develop Central Bank Digital Currency (CBDC). CBDC as a new type of money requires adjustments in terms of applicable laws and regulations.
Fitri Handayani, Fatma Yuliana
doaj +1 more source
Blockchain and central bank digital currency
ICT Express, 2022 With the development of blockchain and digital currencies, central banks all over the world are accelerating the process of CBDC development. However, it is still controversial on adoption of blockchain in CBDC design.
Tao Zhang, Zhigang Huang
doaj +1 more source
СВІТОВИЙ ДОСВІД РОЗВИТКУ ЦИФРОВИХ ВАЛЮТ ЦЕНТРАЛЬНИХ БАНКІВ І ЙОГО ВПРОВАДЖЕННЯ В УКРАЇНІ
Економіка та суспільство, 2021 У науковій статті визначено сутність та роль запровадження CBDC для економіки країни, описано її переваги для використання учасниками ринку. Досліджено країни, де проєкти CBDC запроваджені, пілотуються або досліджуються.
Ольга Чернишова +2 more
doaj +1 more source
CENTRAL BANK DIGITAL CURRENCY UNDER THE STATE THEORY OF MONEY: A PRELIMINARY LEGAL ANALYSIS
Journal of Central Banking Law and Institutions, 2022 Innovations in digital payments have triggered many central banks to apprehend and consider central bank digital currency (CBDC). CBDC is believed to be the next milestone in the evolution of money because many studies have shown the significant ...
Fransiska Ari Indrawati
doaj +1 more source
Cogent Economics & Finance, 2022 Central Bank Digital Currencies (CBDCs) enable negative interest rates. A game is analyzed between a central bank (accounting for the government’s interest) and a representative household choosing to consume, hold CBDC, or hold non-CBDC. The central bank
Guizhou Wang, Kjell Hausken
doaj +1 more source
CENTRAL BANKS’ DIGITAL CURRENCIES: WORLD TRENDS AND PROSPECTS IN UKRAINE
Соціальна економіка, 2021 The scientific article is aimed to generalize the basic concepts of CBDC emission, based on existing world experience and substantiation of the prerequisites for safe and effective implementation of CBDC in Ukraine.
Myroslava Khutorna +2 more
doaj +1 more source
CENTRAL BANK DIGITAL CURRENCY: WHAT FACTORS DETERMINE ITS ADOPTION?
Buletin Ekonomi Moneter dan Perbankan, 2022 This paper attempts to explain the differences in Central Bank Digital Currency (CBDC) adoption across emerging and advanced countries using an ordered probit model.
Novi Maryaningsih +3 more
doaj +1 more source