Central bank digital currency

Nadia Pocher and Gilbert Fridgen

Chapter 8 in Elgar Encyclopedia of Cryptocurrencies, Blockchain and DLT, 2026, pp 39-45 from Edward Elgar Publishing

Abstract: A central bank digital currency (CBDC) is a digital form of central bank money, available in retail and wholesale types, with potential for cross-border use. While a retail CBDC is a digital equivalent to physical cash, wholesale CBDCs cater to interbank transfers. Their stated drivers include financial stability, inclusion, and sovereignty. CBDCs require careful interdisciplinary design to balance security, privacy, usability, and regulatory compliance, through a complex technology stack that may or may not be blockchain-based. As central banks explore CBDCs, considerations include scalability, monetary policy, and global implications, but also prompt a broader debate on the future of money.

Keywords: Central bank digital currency; CBDC; Central bank money; Digital cash; Retail payments; Wholesale payments (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035339952
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035339969.00014 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23612_9

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().