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Digitale Zentralbankwährungen: Chancen, Risiken und Blockchain-Technologie
[Central Bank Digital Currencies: Benefits, Risks and the Role of Blockchain Technology]

Author

Listed:
  • Jonas Groß

    (Frankfurt School Blockchain Center)

  • Manuel Klein

    (FactSet GmbH)

  • Philipp Sandner

    (Frankfurt School Blockchain Center)

Abstract

Zusammenfassung Zahlreiche Zentralbanken planen innerhalb der nächsten Jahre, eigene digitale Zentralbankwährungen einzuführen. Die Blockchain-Technologie kann dafür die technologische Basis darstellen. Zentralbanken experimentieren mit dieser Technologie, um Währungen perspektivisch auf Blockchain-Basis abzubilden. Mögliche Vorteile einer digitalen Zentralbankwährung wären eine höhere finanzielle Stabilität, eine höhere Sicherheit und Effizienz im Zahlungsverkehr und ein höherer Automatisierungsgrad von Geschäftsprozessen. Risiken beständen darin, dass es nach einer Einführung zu einem digitalen Bank Run kommen könnte, dass Banken immens an Bedeutung verlieren könnten und letztlich die Datenschutzproblematik geklärt werden muss.

Suggested Citation

  • Jonas Groß & Manuel Klein & Philipp Sandner, 2020. "Digitale Zentralbankwährungen: Chancen, Risiken und Blockchain-Technologie [Central Bank Digital Currencies: Benefits, Risks and the Role of Blockchain Technology]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(7), pages 545-549, July.
    • Handle: RePEc:spr:wirtsc:v:100:y:2020:i:7:d:10.1007_s10273-020-2702-7
    DOI: 10.1007/s10273-020-2702-7
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    References listed on IDEAS

    as
    1. Kumhof, Michael & Noone, Clare, 2018. "Central bank digital currencies - design principles and balance sheet implications," Bank of England working papers 725, Bank of England.
    2. Andreas Hanl & Jochen Michaelis, 2019. "Digitales Zentralbankgeld als neues Instrument der Geldpolitik [Central Bank Digital Currency as a New Instrument of Monetary Policy]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(5), pages 340-347, May.
    3. Studener, Werner & Merriman, Niall & Karakitsos, Polychronis & Bunea, Daniela, 2016. "Profit distribution and loss coverage rules for central banks," Occasional Paper Series 169, European Central Bank.
    4. Codruta Boar & Henry Holden & Amber Wadsworth, 2020. "Impending arrival - a sequel to the survey on central bank digital currency," BIS Papers, Bank for International Settlements, number 107.
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    Cited by:

    1. Manuel Walz & Matthias Neuenkirch, 2021. "Der Digitale Euro: Ein Zahlungsmittel für die Zukunft?," Research Papers in Economics 2021-05, University of Trier, Department of Economics.

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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