| id |
oapen-20.500.12657-47398
|
| record_format |
dspace
|
| spelling |
oapen-20.500.12657-473982021-03-19T02:27:44Z The (Near) Future of Central Bank Digital Currencies Bilotta, Nicola Botti, Fabrizio Bank Bilotta Central Currencies Digital Economy Future Global Opportunities Risks Society bic Book Industry Communication::J Society & social sciences::JN Education The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-19 pandemic may also have been an accelerator of the cashless mega-trend. Private players currently dominate the digital payment ecosystem, urging central banks to seek solutions to ensure public access to legal tender if cash is phased out. In this context, the idea of a Central Bank Digital Currency (CBDC) is gaining momentum. Nevertheless, there is a need to better understand the implications in terms of risks, benefits and potential costs of CBDCs. From privacy concerns to macroeconomic effects, these implications blur the boundaries of the payment and financial systems, challenging the core functions of our economy and society. 2021-03-18T13:14:16Z 2021-03-18T13:14:16Z 2021 book ONIX_20210318_9783034342919_32 9783034342919 9783034342926 9783034342933 9783034342759 https://library.oapen.org/handle/20.500.12657/47398 eng Global Politics and Security application/pdf n/a 9783034342919.pdf Peter Lang International Academic Publishers 10.3726/b18087 10.3726/b18087 e927e604-2954-4bf6-826b-d5ecb47c6555 9783034342919 9783034342926 9783034342933 9783034342759 7 202 Bern open access
|
| institution |
OAPEN
|
| collection |
DSpace
|
| language |
English
|
| description |
The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-19 pandemic may also have been an accelerator of the cashless mega-trend. Private players currently dominate the digital payment ecosystem, urging central banks to seek solutions to ensure public access to legal tender if cash is phased out. In this context, the idea of a Central Bank Digital Currency (CBDC) is gaining momentum. Nevertheless, there is a need to better understand the implications in terms of risks, benefits and potential costs of CBDCs. From privacy concerns to macroeconomic effects, these implications blur the boundaries of the payment and financial systems, challenging the core functions of our economy and society.
|
| title |
9783034342919.pdf
|
| spellingShingle |
9783034342919.pdf
|
| title_short |
9783034342919.pdf
|
| title_full |
9783034342919.pdf
|
| title_fullStr |
9783034342919.pdf
|
| title_full_unstemmed |
9783034342919.pdf
|
| title_sort |
9783034342919.pdf
|
| publisher |
Peter Lang International Academic Publishers
|
| publishDate |
2021
|
| _version_ |
1771297551235940352
|
