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Cbdc – A New Stage In Money Digitalization

Author

Listed:
  • Anita Atanassova

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

CBDC (central bank digital currency) is a currency issued or approved by central banks or institutions authorized by the country concerned. At the time of writing, no such currency has been issued, but there is an active professional worldwide discussion of the possibilities, advantages, disadvantages, prospects of creating such money. The purpose of the report is to give a basic description of the potential CBDCs in the context of issuance and circulation of money, including among others accounting treatment. Comparison with cryptocurrencies is a focus too. As CBDC is still at project level, the opportunities presented are hypothetical and based on literature research. However, the importance of the problem requires informing the public and involvement of the academic community in the discussion.

Suggested Citation

  • Anita Atanassova, 2020. "Cbdc – A New Stage In Money Digitalization," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 114-125.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:114-125
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T1_2020.pdf
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    More about this item

    Keywords

    CBDC; central bank; digital currency; cryptocurrency; accounting treatment of money emission;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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