Work

Central bank digital currencies: An agenda for future research

Year: 2022

Type: article

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.

Source: Research in International Business and Finance

DOI: 10.1016/j.ribaf.2022.101736

Authors: Ahmed H. Elsayed, Muhammad Ali Nasir

Institutions: Durham University, Zagazig University, University of Leeds, University of Cambridge

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,680

OpenAlex ID: W4290963997

FWCI: 22.83

Cites: 22

Cited by: 79

Related to: 10