Central Bank Digital Currencies Analyzed in a Banking School versus Currency School Framework

Smirna Tudor Gherasim (), Ifrim Mihaela (), Mihai Vladimir Topan and Stamate-Ștefan Andreas ()
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Smirna Tudor Gherasim: Bucharest University of Economic Studies, Bucharest, Romania
Ifrim Mihaela: “Alexandru Ioan Cuza” University of Iași, Romania
Stamate-Ștefan Andreas: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2023, vol. 17, issue 1, 638-648

Abstract: This article analyses the justifications for the creation of central bank digital currencies – CBDCs – and their anticipated features with the aim of looking at them from two different and somewhat opposing perspectives. These perspectives define the two broad historical and logical currents that emerged in the Banking School versus the Currency School debates. We are going to investigate to which extent can the concept of CBDC be embedded into the Banking School’s body of thought and to which extent can it be criticized with the arguments of the Currency School.

Keywords: CBDC; central banking; monetary policy; Currency School; Banking School; cryptocurrencies; decentralized finance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:17:y:2023:i:1:p:638-648:n:47

DOI: 10.2478/picbe-2023-0060

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