Central bank digital currencies: A critical review

Lambis Dionysopoulos, Miriam Marra and Andrew Urquhart

International Review of Financial Analysis, 2024, vol. 91, issue C

Abstract: This critical literature survey offers a comprehensive understanding of the key aspects and implications of central bank digital currencies (CBDCs) as a rapidly evolving area of academic and policy research. We review in depth the key discussion around motivations for the introduction of CBDCs and their design (looking at options of availability, provision, access, and supporting infrastructure). In addition, we review studies and arguments laid out on the implications that the introduction of CBDC may have for monetary policy and financial stability. Finally, we identify sub-areas of CBDC research that need further investigation in future research.

Keywords: Central bank digital currency; CBDC; Monetary policy; Financial stability; Blockchain (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005471

DOI: 10.1016/j.irfa.2023.103031

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