Currency and Its Evolution in the Conditions of Digital Transformation
The article discusses the evolution of the currency in the context of digital transformation. The main forms of fiat money are presented, including their modern development through digital form, as well as distinctive features.
H. N. Kostyukova
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Exploring the Development of Digital RMB in Cross-Border Payment Under the Background of "The Belt and Road" Initiative [PDF]
Since the central bank digital currency started to appear in the international market, China has also started to research on the central bank digital RMB. Nowadays, the digital RMB has been piloted in several regions in China and has gradually started to
Jiang Meng
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Who comes after us? The correct mindset for designing a Central Bank Digital Currency [PDF]
In December 2021 the European Central Bank (ECB) published a report on "Central Bank Digital Currency: functional scope, pricing and controls" in its Occasional Paper Series [BPT21], detailing various challenges for the Digital Euro.
Grothoff, Christian +5 more
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Environmental Implications of a Central Bank Digital Currency (CBDC) [PDF]
Two-thirds of central banks in the East Asia and Pacific (EAP) region have started researching or testing the implementation of a Central Bank Digital Currency (CBDC). At the same time, the region accounts for
Park, Jinhee, Lee, Soohyang
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Central bank digital currencies: Digital Yuan and its role in Chinese digital economy development
Under the impact of financial technology and digital currency, “central bank digital currency” has become an international hotspot in recent years and is also one of the current research and development priorities of China’s central bank.
Jianwei Chen, Igor O. Nesterov
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Designing Central Bank Digital Currencies [PDF]
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes similar
Itai Agur +2 more
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Best before? Expiring central bank digital currency and loss recovery [PDF]
An important feature of physical cash payments is resilience, which is due to their indifference to power outages or network coverage. Many central banks are exploring issuing digital cash substitutes with similar online payment functionality.
Zhu, Yu +2 more
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Central Bank Digital Currency [PDF]
Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in the world.
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TRADITIONAL CRYPTOCURRENCIES AND FIAT-BACKED DIGITAL CURRENCIES [PDF]
The digital payments space saw vigorous investment activity during 2020 and there have been a plethora of announcements about account based Central Bank Digital Currencies.
Serghei MĂRGULESCU, Elena MĂRGULESCU
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The Digital Currency of China's Central Bank: Digital Currency Electronic Payment(DCEP)
DCEP is the Chinese version of Central Bank Digital Currency (CBDC). It is the only legal digital currency in China and meets four conditions: (a) it is issued by the central bank; (b) it is digitized; (c) it is account and wallet based; (d) it is ...
Chen Gengxuan, Jia Qinmin, Ling Hao, and Liu Yuyang
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