Central Bank Digital Currencies in the Post-pandemic Era

Les monnaies digitales de banque centrale après la pandémie

Dominique Torre () and Qing Xu
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Qing Xu: UCL - Université catholique de Lille, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: With fast development of Fintech in financial industry and increasing popularity of cryptocurrencies and stablecoins, more and more central banks conducted extensive research on Central Bank Digital Currencies (CBDCs), the new form of digital fiat currency. Some of them are engaging in CBDCs pilots, with cross border payment tests. Important currency areas as China, EU or UK are interested in the subject but less significative ones as Bahamas, Nigeria, or Venezuela seem also interested in. This chapter aims to analyze this new phase in the development of the forms of money/means of payment. Different forms of CBDCs are imagined: are they different expressions of the same objective or not? Will hey substitute the official currency or other means of payments? Which technology will be activated to make the operational? Which will be the role of banks on this context? How to explain that some big central banks (the Federal Reserve) are not interested in them? Will they generalize?

Keywords: CBDC; People's Bank of China; blockchains; disintermediation; Stable coins; means of payment; currencies; digitalization (search for similar items in EconPapers)
Date: 2023-07-20
New Economics Papers: this item is included in nep-ban, nep-cba, nep-cna, nep-fdg, nep-mon and nep-pay
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04194031
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Published in Central Banking in a Post-Pandemic World, 1, Routledge, pp.34-52, 2023, 978-1-032-34670-0. ⟨10.4324/9781003323280-4⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04194031

DOI: 10.4324/9781003323280-4

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