Bank Digital Research Articles

Developing Central Bank Digital Currencies: A Reality Check During Cryptocurrency Euphoria

Developing Central Bank Digital Currencies: A Reality Check During Cryptocurrency Euphoria

Central Bank Digital Currency and Monetary Policy Implementation

Central Bank Digital Currency and Monetary Policy Implementation

Central Bank Digital Currency, Privacy, and Welfare

Central Bank Digital Currency, Privacy, and Welfare

Stablecoins and Central Bank Digital Currency: Challenges and Opportunities

Stablecoins and Central Bank Digital Currency: Challenges and Opportunities

Central Bank Digital Currency and Banking Choices

Central Bank Digital Currency and Banking Choices

Bitcoin, Central Bank Digital Currency and the Loss of Money Value(s)

Bitcoin, Central Bank Digital Currency and the Loss of Money Value(s)

Central Bank Digital Currency: Effects On Deposit Competition and Funding Stability

Central Bank Digital Currency: Effects On Deposit Competition and Funding Stability

Cash, Accounts, and Central Bank Digital Currencies – a Transatlantic View on the Digitization of Retail Central Bank Money

Cash, Accounts, and Central Bank Digital Currencies – a Transatlantic View on the Digitization of Retail Central Bank Money

РОЛЬ ЗЕЛЕНЫХ ФИНАНСОВ В РАЗВИТИИ ЗЕЛЕНОЙЧЭКОНОМИКИ

The article is devoted to the problems of developing a green economy in modern conditions, as well as the importance of green finance for the formation of a green economy. The article discusses current problems in the functioning of green finance, as well as the main directions for introducing green finance at the national level. One of the important aspects of achieving sustainable development goals and at the same time a significant factor in the transition to a green economy is expanding the population’s access to financial services. A promising tool for solving this problem is currently the Central Bank Digital Currency (CBDC). Today, such a digital currency is being developed and implemented in 100 countries around the world. Digital currency makes it possible to ensure mass access of the population to financial services, prevent financial fraud, and also increase the effectiveness of traditional monetary policy instruments. At the same time, to date no algorithms have been developed for managing the risks of green financing and the use of CBDC.

Exploring the Potential of Central Bank Digital Currency in India

Exploring the Potential of Central Bank Digital Currency in India

Complementing Money Functions: Central Bank Digital Currencies and Currency Competition

Central bank digital currencies (CBDCs) are currently one of the most vital issues in monetary policy worldwide. While several aspects of the emergence of digital currencies have been addressed in the respective literature, little focus has been directed to one important underlying parameter: the new role of technology in the digital age, which complements the traditional money functions and hence may exert an effect on currency competition. In this paper, we first provide an overview of money functions, currency competition and digital money. We then state that with the emergence of CBDCs, technology has become a new and important functional parameter born by the CBDC itself. We conclude that while technological competition has arisen as a factor of currency competition, stability remains its most decisive factor.

Thinking Fast and Slow about Central Bank Digital Currencies

Thinking Fast and Slow about Central Bank Digital Currencies

How Should Central Banks Explore Central Bank Digital Currency?

How Should Central Banks Explore Central Bank Digital Currency?

Governance Issues Concerning the Issuer of Central Bank Digital Currencies: Who Supervises and Controls the CBDC Scheme (and in Particular, the Digital Euro)?

Governance Issues Concerning the Issuer of Central Bank Digital Currencies: Who Supervises and Controls the CBDC Scheme (and in Particular, the Digital Euro)?

Optimal Design of Central Bank Digital Currency

Optimal Design of Central Bank Digital Currency

Central Bank Digital Currency, Real Effect and Welfare

Central Bank Digital Currency, Real Effect and Welfare

Retail Central Bank Digital Currency Design Choices: Guide for Policymakers

Retail Central Bank Digital Currency Design Choices: Guide for Policymakers

Central Bank Digital Currency and the Monetary Policy and Financial Stability Implications

Central Bank Digital Currency and the Monetary Policy and Financial Stability Implications

A Macroeconomic Model of Central Bank Digital Currency

A Macroeconomic Model of Central Bank Digital Currency

Central Bank Digital Currency Adoption Challenges, Solutions, and a Sentiment Analysis

Abstract We identify some factors limiting CBDC adoption and some of the possible solutions. We also assess the media sentiment about central bank digital currencies in general as well as about locally issued CBDCs. We find that there is a high correlation between the negative media sentiment about CBDCs in general and locally issued CBDCs. We also find that the negative media sentiment about the eNaira, DCash and Sand Dollar was caused by the existing negative media sentiment about CBDCs in general. However, a positive media sentiment about the eNaira, DCash and Sand Dollar was not caused by the existing positive media sentiment about CBDC in general.