LEARNING BY DOING: CENTRAL BANK DIGITAL CURRENCY IN THAILAND

Thammarak Moenjak ()
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Thammarak Moenjak: Bank of Thailand London Representative Office

Asia-Pacific Sustainable Development Journal, 2022, vol. 29, issue 1, 103-117

Abstract: Central bank digital currency (CBDC) has gained much attention among central banks, as it could potentially improve efficiency, inclusion and innovation in the financial system. The present paper contains a review of the CBDC journey of the Bank of Thailand (BOT), from the guiding principles, to test results of the CBDC prototypes and challenges going forward. It provides insights with regard to the introduction of CBDC into the economy, as well as how a public institution such as a central bank can go about exploring cutting-edge technologies for use in public policy.

Keywords: central bank digital currency (CBDC); digital financial infrastructures; payments systems; innovations; financial inclusion; financial stability (search for similar items in EconPapers)
JEL-codes: G21 G28 H31 H41 H53 O31 O36 O38 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:29:y:2022:i:1:p:103-117

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