Description
In an era defined by rapid technological advancement, the nature of money finds itself at a crossroads, presenting both opportunities and challenges for global financial systems. The rise of Central Bank Digital Currencies (CBDCs) stands as a testament to this paradigm shift, offering the promise of efficiency, transparency, and financial inclusion. However, amidst the burgeoning interest in CBDCs, a pressing problem emerges: the lack of comprehensive understanding and insight into their development on a global scale.
Recognizing this critical gap, Global Developments in Central Bank Digital Currency emerges as a guide for clarity in the complex landscape of monetary evolution. By synthesizing insights from diverse regions and jurisdictions, this book offers a holistic view of CBDC initiatives, unraveling the intricate web of motivations, challenges, and implications. From Africa to Asia, from Europe to Oceania, the book delves into country-specific developments, shedding light on the role of politics, culture, and informal institutions in shaping CBDC adoption.
Author's/Editor's Biography
Peterson Ozili (Ed.)
Peterson K. Ozili
is a Senior economist at the Central Bank of Nigeria. He has wealth of experience in banking supervision and economic policy. He is widely known for his contributions to financial inclusion research. He does extensive research on topics of global interest in economics, finance, business and accounting. He is an international speaker and has been an invited speaker at events organised by the International Monetary Fund (IMF). He holds a PhD in Economics from Nile University of Nigeria. He also holds a PhD in Accounting and Finance from the University of Essex in the United Kingdom as well as an Msc in Accounting and Financial Economics from the University of Essex. He is a certified associate PRM holder.