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Central Bank Digital Currencies—An Introductory Note

Author

Listed:
  • Louis-Philippe Rochon
  • Wesley C. Marshall
  • Jacopo Temperini

Abstract

The rapid expansion of digital currencies—including cryptocurrencies, stable coins and central bank digital currencies (CBDCs)—has reshaped the monetary landscape. As is usual, moments of technological leaps are accompanied by debate over larger and smaller considerations, from how the new technology will effect the course of human development, to what the new thing should be called and how it should be classified within the realm of already existing things. What is unusual about the rise of digital currencies is the sheer amount and variety of the technological innovation. Perhaps as never before, monetary reality is quickly outrunning theory. At a popular level, Bitcoin has occupied much debate since its public appearance in the early 2010s. Since then, prominent individuals have associated themselves with one or another short-lived cryptocurrency, grabbing much of the spotlight while the universe of digital currencies has grown exponentially, unnoticed by most.

Suggested Citation

  • Louis-Philippe Rochon & Wesley C. Marshall & Jacopo Temperini, 2026. "Central Bank Digital Currencies—An Introductory Note," International Journal of Political Economy, Taylor & Francis Journals, vol. 55(1), pages 1-4, January.
    • Handle: RePEc:mes:ijpoec:v:55:y:2026:i:1:p:1-4
    DOI: 10.1080/08911916.2026.2661593
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