Central Bank Digital Currencies and the Case of China

Barbara Švagan, Tinkara Godec and Helena Beznec
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Barbara Švagan: Univerza na Primorskem, Fakulteta za management
Tinkara Godec: Študentka Univerze na Dunaju, Oddelka za vzhodnoazijske študije
Helena Beznec: Študentka Univerze v Ljubljani, Fakultete za družbene vede

Management, 2021, vol. 17, issue 1, 27-32

Abstract: An increasing number of central banks around the world are opting for research, pilot testing and the implementation of central bank digital currencies (CBDCS). China is one of the first countries to officially implement the digital yuan after a successful pilot test in April 2022, and its implementation has many consequences for domestic and foreign financial markets. In this paper, we discuss the concept and background of central bank digital currencies with special emphasis on the case of China, as well as the implications of establishing the digital yuan on the Chinese and global payment system.

Keywords: China; central digital bank currency; e-CNY (search for similar items in EconPapers)
Date: 2021
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DOI: 10.26493/1854-4231.17.27-32

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