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Central Bank Digital Currencies Analyzed in a Banking School versus Currency School Framework

Author

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  • Smirna Tudor Gherasim

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Ifrim Mihaela

    (“Alexandru Ioan Cuza” University of Iași, Romania)

  • Topan Mihai Vladimir

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Stamate-Ștefan Andreas

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

This article analyses the justifications for the creation of central bank digital currencies – CBDCs – and their anticipated features with the aim of looking at them from two different and somewhat opposing perspectives. These perspectives define the two broad historical and logical currents that emerged in the Banking School versus the Currency School debates. We are going to investigate to which extent can the concept of CBDC be embedded into the Banking School’s body of thought and to which extent can it be criticized with the arguments of the Currency School.

Suggested Citation

  • Smirna Tudor Gherasim & Ifrim Mihaela & Topan Mihai Vladimir & Stamate-Ștefan Andreas, 2023. "Central Bank Digital Currencies Analyzed in a Banking School versus Currency School Framework," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 638-648, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:638-648:n:47
    DOI: 10.2478/picbe-2023-0060
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    References listed on IDEAS

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    6. Walter Engert & Ben Fung, 2017. "Central Bank Digital Currency: Motivations and Implications," Discussion Papers 17-16, Bank of Canada.
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