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Learning By Doing: Central Bank Digital Currency In Thailand

Author

Listed:
  • Thammarak Moenjak

    (Bank of Thailand London Representative Office)

Abstract

Central bank digital currency (CBDC) has gained much attention among central banks, as it could potentially improve efficiency, inclusion and innovation in the financial system. The present paper contains a review of the CBDC journey of the Bank of Thailand (BOT), from the guiding principles, to test results of the CBDC prototypes and challenges going forward. It provides insights with regard to the introduction of CBDC into the economy, as well as how a public institution such as a central bank can go about exploring cutting-edge technologies for use in public policy.

Suggested Citation

  • Thammarak Moenjak, 2022. "Learning By Doing: Central Bank Digital Currency In Thailand," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 29(1), pages 103-117, May.
    • Handle: RePEc:unt:japsdj:v:29:y:2022:i:1:p:103-117
    as

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    File URL: https://www.unescap.org/sites/default/d8files/2022-06/APSDJ%20Vol.%2029%2C%20No.%201%2C%20May%202022-pp103-117_Rev.pdf
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    More about this item

    Keywords

    central bank digital currency (CBDC); digital financial infrastructures; payments systems; innovations; financial inclusion; financial stability;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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