Central bank digital currencies: An agenda for future research

Ahmed H. Elsayed, Muhammad Ali Nasir

Research output: Contribution to journalArticlepeer-review

32 Citations (Scopus)

Abstract

Central bank digital currencies are engendering concern. As understanding of CBDCs is very limited, further research is warranted which will focus not only on the economic rationale of CBDCs but also on how they will impact monetary policy transmission, financial and price stability, inflation targeting, unconventional monetary instruments, central banks as lenders of last resort, and provision of forward guidance. There are also unsettled questions regarding ethics, privacy and environmental and technological constraints. With the imminent implementation of CBDCs, it is vital to explore these issues.

Original languageEnglish
Article number101736
JournalResearch in International Business and Finance
Volume62
DOIs
Publication statusPublished - Dec 2022
Externally publishedYes

Keywords

  • Blockchains
  • Central bank digital currencies
  • Cryptocurrencies
  • Financial stability
  • Inflation targeting
  • Monetary policy

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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