Economic, Social, and Environmental Impacts of CBDCs: Implications and Considerations

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Author(s): Sasha Shilina (Lomonosov Moscow State University, Paradigm Research Institute, Russia)
Copyright: 2024
Pages: 29
Source title: Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges
Source Author(s)/Editor(s): Guneet Kaur (University of Stirling, UK), Pooja Lekhi (University Canada West, Canada)and Simriti Popli (Kaplan International College, UK)
DOI: 10.4018/979-8-3693-1882-9.ch016

Keywords: Accounting and Finance / Business & Management / Business Science Reference / E-Commerce

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Abstract

This chapter explores the multifaceted impacts of central bank digital currencies (CBDCs) across the economic, social, and environmental domains. It investigates their potential to boost financial inclusion, streamlines transactions, and transforms monetary policy, while also addressing privacy issues, digital literacy, and environmental considerations. The chapter underscores the need for regulatory oversight, technology choices, and privacy safeguards, alongside strategies for education, equitable access, and environmental sustainability. The conclusion identifies future research areas, emphasizing the pivotal role of CBDCs in reshaping the global financial landscape.

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Economic, Social, and Environmental Impacts of CBDCs: Implications and Considerations

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