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Published in:
2022 | OriginalPaper | Chapter
8. Central Bank Digital Currencies
Author : Henri Arslanian
Published in: The Book of Crypto
Publisher: Springer International Publishing
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Abstract
The topic of central bank digital currencies, or CBDCs, is being discussed more and more frequently amongst policymakers around the globe, particularly after the anticipated launch of China’s national digital currency (the e-CNY). But what is a CBDC to begin with? How do they function? And why are central banks around the world racing to launch their own CBDC pilots? In this chapter, we examine the growing momentum for CBDCs, from the historical roots of this idea to the recent events that have catalyzed central banks all over the world to seriously consider implementing their own national digital currencies.