Abstract
A central bank digital currency (CBDC) in comparison with other forms of digital money presents a direct claim on the issuing central bank. There are three architecture types of CBDC, namely indirect CBDCs, hybrid CBDCs, and direct (retail) CBDCs, all based on blockchain technology. This paper briefly discusses these three types and outlines the major socio-economic effects this new e-government tool could have on the economy.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Auer R, Cornelli G, Frost J (2020) Rise of the central bank digital currencies: drivers, approaches and technologies. BIS Working Paper No.880
Barrdear J, Kumhof M (2016) The macroeconomics of Central Bank issued digital currencies. SSRN Electron J. https://doi.org/10.2139/ssrn.2811208
Auer R, Boehme R (2020) The technology of retail central bank digital currency. BIS Quaterly Review. https://www.bis.org/publ/qtrpdf/r_qt2003j.pdf
Andolfatto D (2018) Assessing the Impact of Central Bank Digital Currency on Private Banks. Working Paper 2018–026. Federal Reserve Bank of St. Louis. https://doi.org/10.20955/wp.2018.026
Bank of England (2020) Central Bank Digital Currency: Opportunities, challenges and design. Discussion Paper. https://www.bankofengland.co.uk/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design-discussion-paper
Bank for International Settlement (2020) Central bank digital currencies: foundational principles and core features. Report No. 1. https://www.bis.org/publ/othp33.pdf
Nabilou H (2019) Central Bank digital currencies: preliminary legal observations. J Bank Regul. https://doi.org/10.2139/ssrn.3329993
Sandner P, Groß J, Schulden P, Grale L (2020) Digitaler, programmierbarer Euro, Libra und CBDCs: Auswirkungen digitaler Zahlungsinitiativen auf europäische Banken. Ifo Schnelldienst. https://www.ifo.de/DocDL/sd-2020-10-sandner-gross-schulden-grale-libra-cbdc.pdf
Vives X (2019) Digital disruption in banking. Annu Rev Financ Econ 11:243–272. https://doi.org/10.1146/annurev-financial-100719-120854
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Kondova, G., Rüegg, P. (2023). Central Bank Digital Currencies (CBDCs) as a New Tool of E-Government: Socio-economic Impacts. In: Yang, XS., Sherratt, S., Dey, N., Joshi, A. (eds) Proceedings of Seventh International Congress on Information and Communication Technology. Lecture Notes in Networks and Systems, vol 448. Springer, Singapore. https://doi.org/10.1007/978-981-19-1610-6_15
Download citation
DOI: https://doi.org/10.1007/978-981-19-1610-6_15
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-19-1609-0
Online ISBN: 978-981-19-1610-6
eBook Packages: EngineeringEngineering (R0)