CENTRAL BANK DIGITAL CURRENCY (CBDC):A SENTIMENT ANALYSIS AND LEGAL PERSPECTIVE

Aisyah As-Salafiyah (), Aam Rusydiana () and Ihsanul Ikhwan ()
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Aisyah As-Salafiyah: Sharia Economic Applied Research and Training (SMART), Indonesia
Ihsanul Ikhwan: Sharia Economic Applied Research and Training (SMART), Indonesia

Journal of Central Banking Law and Institutions, 2023, vol. 2, issue 2, 347-372

Abstract: Bank Indonesia plans to issue a digital Rupiah as a Central Bank Digital Currency (CBDC) development project. This study aims to review the perceptions of the existing literature regarding CBDC from a legal perspective. This study uses a qualitative method with a sentiment analysis approach. The research builds on 50 papers published by Scopus-indexed journals, the predominant body of literature as of December 12, 2022. The data is then processed using the SentiStrength software. The results of this study indicates that the dominant sentiment is neutral, followed by positive sentiment and then negative sentiment. This sentiment analysis is an overview that can serve as basic research for regulators, practitioners, and academics as valuable insights that can provide a better understanding of the scientific literature’s perception of CBDC so that it can be considered in decision making. This research is the first study to conduct sentiment analysis of the scientific literature on the CBDC theme.

Keywords: Central Bank Digital Currency; Legal; Literature Review; Indonesia; CBDC (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:idn:jclijn:v:2:y:2023:i:2g:p:347-372

DOI: 10.21098/jcli.v2i2.177

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