The Development Status of CBDC: A Comparative Study

Fengqi Xie () and Marina Ryzhkova ()
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Fengqi Xie: Tomsk State University
Marina Ryzhkova: Tomsk State University

No 14115979, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: In recent years, the concept of central bank digital currency (CBDC) has gained significant attention in the field of monetary economics and finance. CBDC is a digital form of central bank money that can be used by the public and commercial banks for payments and other transactions. This paper provides a comparative study of the development status of CBDC in different countries and regions, including China, Sweden, the United States, and the European Union. The study examines the motivations for developing CBDC, the design features of CBDC, the legal and regulatory frameworks for CBDC, and the potential benefits and risks of CBDC. The findings suggest that while there is no one-size-fits-all approach to CBDC, there are some common themes and challenges that policymakers need to address in designing and implementing CBDC.

Keywords: Central bank digital currency; Development status; Motivation; Design feature; Legal and regulatory frameworks; Potential benefits and risks (search for similar items in EconPapers)
JEL-codes: E58 G28 G32 (search for similar items in EconPapers)
Pages: 8 pages
New Economics Papers: this item is included in nep-mon and nep-pay
References: View references in EconPapers View complete reference list from CitEc
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Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 358-365

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