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Central bank digital currencies in emerging economies: practical considerations

In: The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies

Author

Listed:
  • Gordon Clarke
  • Emir Hrnjic

Abstract

Central banks recognize that unregulated cryptocurrencies could potentially undermine the stability of sovereign currencies, especially in countries with high inflation and unstable banking systems. As countries explored the potential for Central Bank Digital Currencies (CBDCs), developed countries focused on exploration and experimentation, while several emerging economies launched CBDCs. In this chapter we review some of the developments and analyze objectives and practical considerations of CBDCs in emerging economies.

Suggested Citation

  • Gordon Clarke & Emir Hrnjic, 2024. "Central bank digital currencies in emerging economies: practical considerations," Chapters, in: Henrik Cronqvist & Desiree-Jessica Pely (ed.), The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, chapter 5, pages 96-112, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22115_5
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035307760.00010
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