IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/922.html
   My bibliography  Save this article

The Development of Central Bank Digital Currencies (CBDCs) at the Global Level

Author

Listed:
  • Anthony Elson

Abstract

Central bank digital currencies (CBDCs) have rapidly emerged as a complement to physical cash. Motivations include maintaining central bank money as a monetary system anchor, addressing digital payment reliance, and promoting financial inclusion. CBDCs aim to improve digital payment arrangements. While only three countries have formally launched CBDCs, 35 others have initiated pilot projects. These pilot projects are expected to lead to formal CBDC launches within the next two to three years. The BIS and IMF actively monitor these developments and provide technical assistance to interested central banks. CBDCs represent a delicate balance between innovation and stability in the evolving financial landscape. Their successful implementation requires careful consideration of economic, technological, and regulatory factors.

Suggested Citation

  • Anthony Elson, 2024. "The Development of Central Bank Digital Currencies (CBDCs) at the Global Level," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 25(2), pages 12-23, April.
    • Handle: RePEc:wej:wldecn:922
    as

    Download full text from publisher

    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=922
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:922. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.