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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29489 |
来源ID | Working Paper 29489 |
Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge | |
Sebastian Edwards | |
发表日期 | 2021-11-22 |
出版年 | 2021 |
语种 | 英语 |
摘要 | In this paper, I discuss the implications for emerging countries of the adoption of central bank digital currencies (CBDCs) in advanced jurisdictions, such as the United States, the United Kingdom, and the Euro Zone. The analysis identifies benefits as well as costs. Among the former, one of the most important is lower costs for migrants’ remittances. Some of the costs of global CBDCs are associated with currency substitution, sudden currency depreciations, and lower seigniorage. At the global level, a smooth rollout of CBDCs in center countries requires international coordination. In addition, emerging countries will benefit from the implementation of stronger macroprudential regulations |
主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy ; International Economics ; International Finance |
URL | https://www.nber.org/papers/w29489 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587163 |
推荐引用方式 GB/T 7714 | Sebastian Edwards. Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge. 2021. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29489.pdf(317KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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