Central bank digital currencies in emerging economies: practical considerations

Gordon Clarke and Emir Hrnjic

Chapter 5 in The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, 2024, pp 96-112 from Edward Elgar Publishing

Abstract: Central banks recognize that unregulated cryptocurrencies could potentially undermine the stability of sovereign currencies, especially in countries with high inflation and unstable banking systems. As countries explored the potential for Central Bank Digital Currencies (CBDCs), developed countries focused on exploration and experimentation, while several emerging economies launched CBDCs. In this chapter we review some of the developments and analyze objectives and practical considerations of CBDCs in emerging economies.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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