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Central bank digital currencies (CBDCs) are reshaping the financial landscape globally. Already implemented in ten countries, CBDCs offer digital payment solutions, particularly beneficial for regions with limited access to traditional banking systems that seek to promote financial inclusion. However, in more advanced financial systems, CBDCs may appear less compelling, with existing alternative digital payment methods already prevalent. Still, even these financial systems have incentives to consider the development of CBDCs and to explore how to reap the benefits of this new technology. This Forum features articles by the speakers at our recent event, organised jointly with Bruegel and the Atlantic Council. The authors define CBDCs, debate their pros and cons, examine the issues and prospects they represent, and share country-specific experiences with the development and roll-out of digital currencies.

  • The Geopolitics of Central Bank Digital Currencies

    Maria Demertzis, Bruegel, Brussels, Belgium; and European University Institute, Florence, Italy
    Josh Lipsky, Atlantic Council, Washington DC, USA.

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  • The Evolution of SandDollar

    Sharon Branch, Central Bank of The Bahamas, Nassau, The Bahamas
    Lynsey Ward, Central Bank of The Bahamas, Nassau, The Bahamas
    Allan Wright, Central Bank of The Bahamas, Nassau, The Bahamas

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  • Domestic and Global Implications of China’s Digital Currency

    Ananya Kumar, Atlantic Council, Washington DC, USA

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  • The Business Case for Exploration of a U.S. Central Bank Digital Currency

    Jennifer Lassiter, The Digital Dollar Project, Washington DC, USA

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  • Progress with the Digital Euro

    Maria Demertzis, Bruegel, Brussels, Belgium; and European University Institute, Florence, Italy
    Catarina Martins, Bruegel, Brussels, Belgium

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© The Author(s) 2023

Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/).

Open Access funding provided by ZBW – Leibniz Information Centre for Economics.


DOI: 10.2478/ie-2023-0036

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