The central bank digital currency dimension in global financial integration

Georgios Chortareas, Eleftheria Kostika and Theodore Pelagidis

Chapter 26 in Handbook of Financial Integration, 2024, pp 606-642 from Edward Elgar Publishing

Abstract: This chapter discusses some key considerations of central bank digital currency (CBDC) design to identify the potential benefits and risks of the CBDC issuance for global financial integration. First, it provides an overview of all CBDC design choices under investigation and development. Since the efficiency and integration of payment systems, the strengthening of financial stability and the adoption of a more flexible monetary policy are essential for greater financial integration, payment infrastructure and monetary policy issues from the issuance of a CBDC on the financial stability are examined. Finally, the chapter discusses the prerequisites for the CBDC to be the convergence point for digital global financial integration.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
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