Results 51 to 60 of about 300 (175)
Environmental Implications of a Central Bank Digital Currency (CBDC)
, 2022 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 one-third of world CO2 emissions and is vulnerable to climate risks.
Lee, Soohyang, Park, Jinhee
openaire +2 more sources
JCMS: Journal of Common Market Studies, EarlyView.Abstract The future of money is a crucial issue in the digital age, and the emergence of central bank digital currencies (CBDCs) is widely recognised as a transformative development. However, despite its significant implications for monetary sovereignty, regulatory governance and strategic autonomy, we know relatively little about the political ...
Sebastian Heidebrecht
wiley +1 more source
New Political EconomyDigital transformations and the expansion of digital finance have elicited intense debates on what ought to be the role of central banks as issuers of digital currencies (CBDCs). We ask why the European Central Bank (ECB), the European Union (EU) central bank, has taken a starring role in the introduction of a retail CBDC: the digital euro. We offer an
Quaglia, L., Verdun, A.C.
openaire +3 more sources
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Journal of Money, Credit and Banking, EarlyView.Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
PRIVACY PREFERENCES AND TRUST IN CENTRAL BANKS: HETEROGENEITY IN CASE OF CBDC
Фінансово-кредитна діяльність: проблеми теорії та практикиBroad societal uptake of Central Bank Digital Currency (CBDC) is contingent on both its design features and public confidence in the issuing central bank.
Віктор Козюк +2 more
doaj +1 more source
Central Bank Digital Currency with Collateral‐Constrained Banks
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze risks to bank intermediation following the introduction of a central bank digital currency (CBDC) competing with commercial bank deposits as households' source of liquidity. We revisit the equivalence of payment systems result, introducing a collateral constraint on banks' borrowing from the central bank.
HANFENG CHEN, MARIA ELENA FILIPPIN
wiley +1 more source
Central bank digital currency (CBDC) for Financial Inclusion
, 2023 Abstract: This research article examines the role of Central Bank Digital Currency (CBDC) is promoting financial inclusion on a global scale. In the current digitized world, CBDCs has emerged as a potential solution to bridge the financial inclusion gap.
Kumar, Dr. Kiran, K, Mr. Dammurappa
openaire +1 more source
Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case
Information Systems Journal, Volume 36, Issue 4, Page 485-499, July 2026.ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley +1 more source
Markov Determinantal Point Process for Dynamic Random Sets
Journal of Time Series Analysis, Volume 47, Issue 4, Page 784-802, July 2026.ABSTRACT The Law of Determinantal Point Process (LDPP) is a flexible parametric family of distributions over random sets defined on a finite state space, or equivalently over multivariate binary variables. The aim of this paper is to introduce Markov processes of random sets within the LDPP framework. We show that, when the pairwise distribution of two
Christian Gouriéroux, Yang Lu
wiley +1 more source
Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
European Financial Management, Volume 32, Issue 3, Page 994-1004, June 2026.ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley +1 more source