IDEAS home Printed from https://ideas.repec.org/a/neo/journl/v20y2023i1p126-138.html
   My bibliography  Save this article

Prerequisites And Implementation Of The Digital Currency

Author

Listed:
  • Artem Koldovskyi

    (WSB University (Poland), Global Talent International (USA))

Abstract

The author provides an overview of the current literature on CBDCs, covering microeconomic considerations such as operational structures, technology, and privacy, as well as macroeconomic implications such as financial stability and monetary policy. Despite progress, some issues remain unresolved, particularly with respect to the cross-border implications of CBDCs, and further research is needed to advance the understanding of this topic. The author conducted simulations using various scenarios and assumptions related to the usage and adoption of CBDC to gain a better understanding of its potential impact. In the first scenario, the author assumed that the public fully adopts CBDC and it replaces all bank deposits. In the second scenario, the author assumed that CBDC is only adopted by some of the public while cash and bank deposits remain in use. In the third scenario, the author assumed that cash remains the preferred method of payment and CBDC adoption is restricted. The author created a comprehensive simulation scenario that utilized regression analysis, where CBDC is extensively adopted and constitutes 50% of all transactions within the economy.

Suggested Citation

  • Artem Koldovskyi, 2023. "Prerequisites And Implementation Of The Digital Currency," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 20(1), pages 126-138.
    • Handle: RePEc:neo:journl:v:20:y:2023:i:1:p:126-138
    DOI: 10.37708/em.swu.v20i1.9
    as

    Download full text from publisher

    File URL: https://em.swu.bg/images/SpisanieIkonomikaupload/SpisanieIkonomika2023/9_PREREQUISITES%20AND%20IMPLEMENTATION%20OF%20THE%20DIGITAL%20CURRENCY%20v2.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.37708/em.swu.v20i1.9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    CBDC; Central Bank; digital currencies; financial stability; stablecoins; transactions; monetary policy; financial inclusion;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    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:neo:journl:v:20:y:2023:i:1:p:126-138. 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: Vladislav Krastev (email available below). General contact details of provider: https://edirc.repec.org/data/feswubg.html .

    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.