Central bank digital currencies: An agenda for future research

Ahmed Elsayed and Muhammad Ali Nasir

Research in International Business and Finance, 2022, vol. 62, issue C

Abstract: Central bank digital currencies are engendering concern. As understanding of CBDCs is very limited, further research is warranted which will focus not only on the economic rationale of CBDCs but also on how they will impact monetary policy transmission, financial and price stability, inflation targeting, unconventional monetary instruments, central banks as lenders of last resort, and provision of forward guidance. There are also unsettled questions regarding ethics, privacy and environmental and technological constraints. With the imminent implementation of CBDCs, it is vital to explore these issues.

Keywords: Central bank digital currencies; Monetary policy; Financial stability; Inflation targeting; Blockchains; Cryptocurrencies (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:62:y:2022:i:c:s0275531922001246

DOI: 10.1016/j.ribaf.2022.101736

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