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Will the BRICS Be the Leaders in Central Bank Digital Currencies?

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  • Assen Slim

Abstract

The study discusses the opportunity for the BRICS to implement a common supranational Central Bank Digital Currency (CBDC). Starting from the observation that many CDBC projects are under study all over the world and that the subject is hardly treated in the academic literature, we have sought to propose a general definition of the concept of CBDC. Based on this definition, both technical and monetary opportunities and constraints are studied in the case of the BRICS supranational CBDC project.

Suggested Citation

  • Assen Slim, 2021. "Will the BRICS Be the Leaders in Central Bank Digital Currencies?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-16.
    • Handle: RePEc:bas:econst:y:2021:i:3:p:3-16
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2021/2021-3/1_Slim.pdf
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    References listed on IDEAS

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    1. Assen Slim, 2022. "MDBC e-hryvnia: Zentralbankgeld in Planung [The e-Hryvnia CBDC: a Central Bank Currency in Project]," Post-Print hal-03937410, HAL.

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    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E49 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Other
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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