Theories supporting central bank digital currency development and its usefulness

Peterson Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents some theories that support central bank digital currency development and its usefulness. The theories provide useful explanations for the development and use of central bank digital currency in the economy. Some theories show that information about central bank digital currency, as well as the perceived usefulness and ease of use of central bank digital currency, are crucial for its success. Other theories show that central bank digital currency can facilitate the flow of funds to economic agents, and enhance the functioning of the economic system, thereby contributing to economic growth. These theories are useful to economists, policymakers and researchers who are interested in how central bank digital currency affects economic activities.

Keywords: CBDC; central bank digital currency; theories. (search for similar items in EconPapers)
JEL-codes: E51 E52 E58 E59 O31 O32 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-mon and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117806

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