The (Near) Future of Central Bank Digital Currencies : Risks and Opportunities for the Global Economy and Society

The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-19 pandemic may also ha...

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Detalles Bibliográficos
Autores principales: Nicola Bilotta, Fabrizio Botti
Formato: Libro
Publicado: Peter Lang AG, Internationaler Verlag der Wissenschaften 2021
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Acceso en línea:Ver este registro en EBSCOhost
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          Nicola Bilotta
          Fabrizio Botti
      su:
        Banks and banking, Central
        Digital currency
        Demonetization
      sug:
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          BUSINESS & ECONOMICS / Finance / General
          BUSINESS & ECONOMICS / Public Finance
          BUSINESS & ECONOMICS / International / Economics & Trade
          BUSINESS & ECONOMICS / Economics / Theory
          POLITICAL SCIENCE / General
          POLITICAL SCIENCE / Political Economy
          POLITICAL SCIENCE / Globalization
          Banks and banking, Central
          Digital currency
          Demonetization
      ab: The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-19 pandemic may also have been an accelerator of the cashless mega-trend. Private players currently dominate the digital payment ecosystem, urging central banks to seek solutions to ensure public access to legal tender if cash is phased out. In this context, the idea of a Central Bank Digital Currency (CBDC) is gaining momentum. Nevertheless, there is a need to better understand the implications in terms of risks, benefits and potential costs of CBDCs. From privacy concerns to macroeconomic effects, these implications blur the boundaries of the payment and financial systems, challenging the core functions of our economy and society.
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