CBDC – A NEW STAGE IN MONEY DIGITALIZATION

Anita Atanassova ()
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Anita Atanassova: University of Economics - Varna, Varna, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 114-125

Abstract: CBDC (central bank digital currency) is a currency issued or approved by central banks or institutions authorized by the country concerned. At the time of writing, no such currency has been issued, but there is an active professional worldwide discussion of the possibilities, advantages, disadvantages, prospects of creating such money. The purpose of the report is to give a basic description of the potential CBDCs in the context of issuance and circulation of money, including among others accounting treatment. Comparison with cryptocurrencies is a focus too. As CBDC is still at project level, the opportunities presented are hypothetical and based on literature research. However, the importance of the problem requires informing the public and involvement of the academic community in the discussion.

Keywords: CBDC; central bank; digital currency; cryptocurrency; accounting treatment of money emission (search for similar items in EconPapers)
JEL-codes: G20 M40 M41 M48 M49 O33 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:114-125

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