11. Central Bank Digital Currency and Governance: Fit for Purpose?
- Author:
- Pierre Siklos
- Publication Date:
- 04-2021
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- As digital forms of payment become increasingly popular, especially during the COVID-19 pandemic, cash is no longer king. Central banks are turning their attention toward central bank digital currency (CBDC) to replace coins and bills and to provide other types of services through digital technology. CBDC can also facilitate cross-border transactions through the use of internationally accepted currencies such as the euro and the US dollar. This paper explores the many tailwinds and headwinds that will affect the implementation of a CBDC.
- Topic:
- Governance, Digital Economy, Banks, and Digital Currency
- Political Geography:
- North America, Global Focus, and United States of America