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Central bank digital currencies risk becoming a digital Leviathan

Author

Listed:
  • Andrea Baronchelli

    (City University of London
    The Alan Turing Institute
    University College London)

  • Hanna Halaburda

    (New York University)

  • Alexander Teytelboym

    (University of Oxford
    University of Oxford
    Institute for New Economic Thinking at the Oxford Martin School)

Abstract

Central bank digital currencies (CBDCs) already exist in several countries, with many more on the way. But although CBDCs can promote financial inclusivity by offering convenience and low transaction costs, their adoption must not lead to the loss of privacy and erosion of civil liberties.

Suggested Citation

  • Andrea Baronchelli & Hanna Halaburda & Alexander Teytelboym, 2022. "Central bank digital currencies risk becoming a digital Leviathan," Nature Human Behaviour, Nature, vol. 6(7), pages 907-909, July.
    • Handle: RePEc:nat:nathum:v:6:y:2022:i:7:d:10.1038_s41562-022-01404-9
    DOI: 10.1038/s41562-022-01404-9
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    Cited by:

    1. Ozili, Peterson K, 2023. "eNaira central bank digital currency (CBDC) for financial inclusion in Nigeria," MPRA Paper 115781, University Library of Munich, Germany.
    2. Katherine Baer & Ruud De Mooij & Shafik Hebous & Michael Keen, 2023. "Taxing cryptocurrencies," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 39(3), pages 478-497.
    3. Savelli, Iacopo & Hepburn, Cameron & Morstyn, Thomas, 2024. "A blueprint for energy systems in the era of central bank digital currencies," Technological Forecasting and Social Change, Elsevier, vol. 207(C).

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