Vol. 2 No. 1 (2022): Journal of AI-Assisted Scientific Discovery
Articles

Central Bank Digital Currencies (CBDCs): Exploring the concept of central bank digital currencies (CBDCs) and their potential implications for monetary policy and financial systems

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  • Dr. David McAuley
Dr. David McAuley
Associate Professor of Human-Computer Interaction, University of Waikato, New Zealand
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Published 24-06-2024

Keywords

  • CBDCs,
  • financial stability
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

How to Cite

[1]
Dr. David McAuley, “Central Bank Digital Currencies (CBDCs): Exploring the concept of central bank digital currencies (CBDCs) and their potential implications for monetary policy and financial systems”, Journal of AI-Assisted Scientific Discovery, vol. 2, no. 1, pp. 1–11, Jun. 2024, Accessed: Sep. 18, 2024. [Online]. Available: https://scienceacadpress.com/index.php/jaasd/article/view/48

Abstract

Central Bank Digital Currencies (CBDCs) have garnered significant attention in recent years as a potential evolution of money and payments. This paper provides a comprehensive overview of CBDCs, examining their definition, types, benefits, challenges, and implications for monetary policy and financial systems. The paper also discusses the role of CBDCs in promoting financial inclusion, reducing transaction costs, and enhancing the efficiency of monetary policy transmission. Additionally, it explores the potential risks associated with CBDCs, such as privacy concerns, financial stability risks, and the impact on commercial banks. Through a thorough analysis of existing literature and case studies, this paper aims to provide insights into the future of CBDCs and their impact on the global financial landscape.

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