Exploring Central Bank Digital Currencies Concepts Frameworks Models And Challenges

Author : Kaur, Guneet,Lekhi, Pooja,Popli, Simriti
Publisher : IGI Global
Page : 380 pages
File Size : 48,9 Mb
Release : 2024-03-07
Category : Business & Economics
ISBN : 9798369318836

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Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges by Kaur, Guneet,Lekhi, Pooja,Popli, Simriti Pdf

In the ever-evolving landscape of global finance, the rise of Central Bank Digital Currencies (CBDCs) has introduced a myriad of challenges that demand immediate scholarly attention. The accelerating pace of digital transformation, coupled with the intricate dynamics of these novel currencies, poses significant hurdles in their widespread adoption. From privacy concerns to the technological complexities involved, the academic community finds itself at the forefront of deciphering the multifaceted challenges inherent in the CBDC landscape. Addressing this imperative need for comprehensive analysis is the groundbreaking publication, Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges. Within the pages of this compelling work, scholars will encounter a meticulous exploration of the intricate evolution of money, navigating from traditional barter systems to the digital era. The catalytic role of Bitcoin in reshaping the financial landscape serves as a cornerstone, laying the foundation for a profound understanding of the cryptocurrency fundamentals that underpin CBDCs. This book delves into the conceptual frameworks and technological models shaping CBDCs, aiming to illuminate the complex challenges faced by central banks, governments, and financial institutions in their pursuit of digital currency integration.

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 43,6 Mb
Release : 2024
Category : Electronic
ISBN : 836934948X

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EXPLORING CENTRAL BANK DIGITAL CURRENCIES by Anonim Pdf

Author : Mr.Tommaso Mancini Griffoli,Mr.Maria Soledad Martinez Peria,Mr.Itai Agur,Mr.Anil Ari,Mr.John Kiff,Ms.Adina Popescu,Ms.Celine Rochon
Publisher : International Monetary Fund
Page : 39 pages
File Size : 43,8 Mb
Release : 2018-11-12
Category : Business & Economics
ISBN : 9781484384572

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Casting Light on Central Bank Digital Currencies by Mr.Tommaso Mancini Griffoli,Mr.Maria Soledad Martinez Peria,Mr.Itai Agur,Mr.Anil Ari,Mr.John Kiff,Ms.Adina Popescu,Ms.Celine Rochon Pdf

Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and how to adapt. One possibility is central bank digital currency (CBDC)-- a widely accessible digital form of fiat money that could be legal tender. This discussion note proposes a conceptual framework to assess the case for CBDC adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity. This note also surveys research and pilot studies on CBDC by central banks around the world.

Author : Muhammad Ashfaq,Rashedul Hasan,Jošt Merčon
Publisher : Walter de Gruyter GmbH & Co KG
Page : 180 pages
File Size : 53,9 Mb
Release : 2023-07-24
Category : Business & Economics
ISBN : 9783110982398

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Central Bank Digital Currencies and the Global Financial System by Muhammad Ashfaq,Rashedul Hasan,Jošt Merčon Pdf

Central Bank Digital Currencies and Global Financial System: Theory and Practice is the perfect book for anyone interested in the impact of digital currencies on the global financial system, providing valuable insights and analysis on the topic. The topic of central bank digital currencies (CBDCs) is particularly relevant in 2023 because the use of digital currencies is rapidly growing around the world, and many central banks are exploring the idea of developing their own CBDCs. This book offers readers an opportunity to gain a better understanding of CBDCs, including their history, differences with cryptocurrencies, and the potential impact of CBDCs on the future of the financial system. The book’s didactic approach breaks down complex topics into easily digestible chapters, allowing readers to easily understand and follow the progression of digital currencies. For those interested in the future of digital currencies, the book offers a chapter on future research directions and concluding remarks. Central Bank Digital Currencies and Global Financial System: Theory and Practice is a must-read for anyone interested in the intersection of finance and technology. By exploring the evolution of digital currencies and their impact on the global financial system, this book provides valuable insights for policymakers, financial professionals, and anyone looking to understand the future of money.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 158 pages
File Size : 53,8 Mb
Release : 2023-08-01
Category : Computers
ISBN : 9789292702816

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Recent Central Bank Digital Currency Developments in Asia and Their Implications by Asian Development Bank Pdf

This publication analyzes the evolution of Central Bank Digital Currencies (CBDC) in Asia and the Pacific, assesses their potential risks and technical challenges, and explores their potential to improve cross-border payments and financial inclusion. Ahead of the launch of any large-scale Asian CBDC, it details various models and explores how Cambodia, the People’s Republic of China, Singapore, and Thailand are taking the lead. Outlining global developments and emerging trends, it shows why a robust digital infrastructure, strong public-private collaboration, and fintech literacy are central to ensuring CBDCs help drive the transition to a digital economy.

Author : Hervé Tourpe,Ashley Lannquist,Gabriel Soderberg
Publisher : International Monetary Fund
Page : 44 pages
File Size : 47,5 Mb
Release : 2023-09-08
Category : Business & Economics
ISBN : 9798400253690

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A Guide to Central Bank Digital Currency Product Development by Hervé Tourpe,Ashley Lannquist,Gabriel Soderberg Pdf

As central bank digital currency (CBDC) projects progress around the world, there is increased need for a project management methodology that is appropriate for CBDC. This paper develops a CBDC-specific project management methodology that establishes a common terminology and offers guidance to development teams on best practices for addressing the complex requirements and risks associated with CBDC. It is centered on an original five-step approach called the “5P Methodology”: preparation, proof-of-concept, prototypes, pilots, and production. The methodology emphasizes a phased approach to CBDC research and development, with strong focus on research preparation, experimentation and testing, risk management, stakeholder engagement, and cyber resilience.

Author : Gabriel Soderberg,Mr. John Kiff,Hervé Tourpe,Ms. Marianne Bechara,Stephanie Forte,Kathleen Kao,Ashley Lannquist,Tao Sun,Akihiro Yoshinaga
Publisher : International Monetary Fund
Page : 43 pages
File Size : 55,9 Mb
Release : 2023-09-08
Category : Business & Economics
ISBN : 9798400253768

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How Should Central Banks Explore Central Bank Digital Currency? by Gabriel Soderberg,Mr. John Kiff,Hervé Tourpe,Ms. Marianne Bechara,Stephanie Forte,Kathleen Kao,Ashley Lannquist,Tao Sun,Akihiro Yoshinaga Pdf

Digitalization of the economy provides both challenges and opportunities. Central banks should ensure that they have the capacity to continue to meet their policy objectives in the digital age. It is in this context that central bank digital currency (CBDC) should be evaluated. If designed appropriately, CBDCs could allow central banks to modernize payment systems and future-proof central bank money as the pace and shape of digitalization continues to evolve. However, the decision to proceed with CBDC exploration and an eventual launch would need to be jurisdiction specific, depending on the degree of digitalization of the economy, the legal and regulatory frameworks, and the central bank’s internal capacity. This paper proposes a dynamic decision-making framework under which the central bank can make decisions under uncertainty. A phased and iterative approach could allow central banks to adjust the pace, scale, and scope of their CBDC projects as the domestic and international environment changes.

Author : Alqatan, Ahmad,Hussainey, Khaled,Hamed, Mounira,Benameur, Kameleddine
Publisher : IGI Global
Page : 376 pages
File Size : 52,5 Mb
Release : 2024-04-01
Category : Business & Economics
ISBN : 9798369316795

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Impact of Digitalization on Reporting, Tax Avoidance, Accounting, and Green Finance by Alqatan, Ahmad,Hussainey, Khaled,Hamed, Mounira,Benameur, Kameleddine Pdf

Digital era reporting undergoes a seismic shift as automation takes center stage. The transition from manual reporting to real-time automated systems enhances precision and efficiency and reduces errors, empowering decision-makers. However, this era of digital reporting brings forth a new set of challenges, from data security and privacy concerns to the imperative need for robust cybersecurity measures. Impact of Digitalization on Reporting, Tax Avoidance, Accounting, and Green Finance delves into this transformative wave, comprehensively exploring its consequences on these critical domains. The book meticulously dissects both the positive and negative repercussions, encapsulating the challenges and opportunities that arise in this era of digital metamorphosis. Navigating tax avoidance in a digitalized world unveils a complex dynamic. Digitalization, on the one hand, empowers tax authorities to access and analyze vast datasets, making it challenging for businesses to engage in tax evasion. On the other hand, sophisticated digital tools provide fertile ground for corporations to devise intricate tax avoidance schemes. Striking a balance becomes paramount, necessitating regulatory measures and international cooperation while addressing ethical dimensions in leveraging technology for tax strategies. The book offers a nuanced understanding of the intricate relationship between digitalization and these critical domains, from business professionals and financial analysts to regulatory bodies and sustainability advocates.

Author : Bubevski, Vojo
Publisher : IGI Global
Page : 339 pages
File Size : 45,6 Mb
Release : 2024-04-05
Category : Business & Economics
ISBN : 9798369337882

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Six Sigma DMAIC and Markov Chain Monte Carlo Applications to Financial Risk Management by Bubevski, Vojo Pdf

Financial institutions face a critical challenge in managing financial risks effectively under the stringent regulatory frameworks of Basel III and Solvency II. Traditional risk management approaches often need to provide the necessary tools to control risks in a dynamic and evolving market environment. A comprehensive methodology integrating advanced risk analysis concepts and structured frameworks is essential for institutions to achieve optimal risk management outcomes, leading to increased solvency risk, capital requirements, and value at risk (VAR). Six Sigma DMAIC and Markov Chain Monte Carlo Applications to Financial Risk Management is a groundbreaking book that presents a transformative approach to financial risk management. Inspired by Peter L. Bernstein's insight on risk control, this book introduces a unique methodology that combines the DMAIC framework with advanced risk analysis concepts. Financial institutions can enhance their risk management processes by applying these tools to internal models for Solvency II and Basel III, reduce solvency risk, and improve competitiveness.

Author : Tavares, Maria C.,Azevedo, Graça,Vale, José,Marques, Rui,Bastos, Maria Anunciação
Publisher : IGI Global
Page : 328 pages
File Size : 42,5 Mb
Release : 2024-04-01
Category : Computers
ISBN : 9798369308486

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Artificial Intelligence Approaches to Sustainable Accounting by Tavares, Maria C.,Azevedo, Graça,Vale, José,Marques, Rui,Bastos, Maria Anunciação Pdf

In an age defined by unparalleled technological advancements, globalization, and the looming specter of environmental and societal crises, the need for a holistic and sustainable approach to accounting practices has never been more pressing. Academic scholars stand witness to the challenges posed by the new era, characterized by transformative shifts across industry, education, community, and society at large. These shifts, driven by rapid advancements in Artificial Intelligence (AI), present a double-edged sword. While AI offers unprecedented opportunities for innovation, it also amplifies the urgency of addressing sustainability concerns. Today's society grapples with the immense responsibility of achieving the Sustainable Development Goals (SDGs) outlined in Agenda 2030. It is imperative to not only understand but harness the power of AI to drive sustainability, enhance the quality of life, and ensure sustainable growth on both local and global scales. Artificial Intelligence Approaches to Sustainable Accounting serves as a beacon of knowledge, providing a comprehensive exploration of the intersection between AI, accounting, and sustainability. This book represents a vital solution to the challenges faced by academic scholars and practitioners alike. Within its pages lies a transdisciplinary approach that bridges the gap between these critical fields. Discover how AI can elevate accounting to new heights, extending the spectrum of information in organizational decision-making, promoting responsible reporting practices, and bolstering sustainable practices worldwide. This book not only reviews governance and management processes but also offers practical methodologies that empower organizations to embrace sustainability wholeheartedly.

Author : Derbali, Abdelkader Mohamed Sghaier
Publisher : IGI Global
Page : 458 pages
File Size : 54,9 Mb
Release : 2024-03-18
Category : Business & Economics
ISBN : 9798369326848

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Recent Developments in Financial Management and Economics by Derbali, Abdelkader Mohamed Sghaier Pdf

The field of Financial Management & Economics (FME) is constantly adapting to the changing economic landscape, observing the ongoing developments in the global business environment. These shifting dynamics have introduced a variety of influences, both fleeting and enduring, that deeply affect the decision-making foundations within the business arena. Researchers are tasked with shedding light on the bigger picture, capturing the essence of both subtle and significant shifts. As they confront unprecedented challenges, the imperative to document and comprehend these transformations resonates more urgently than ever before. Recent Developments in Financial Management and Economics is a work that beckons academics, researchers, and industry professionals to engage in the exploration of these changes. This book has a singular objective: to provide professionals, academics, and researchers with new theoretical frameworks and the latest empirical research findings. The book focuses on trust as a key driver, influencing different levels of Financial Management & Economics. It explores trust across the global economy and individual interactions in networked settings, offering guidance for navigating the complexities of today's interconnected financial and economic systems.

Author : Ordóñez de Pablos, Patricia,Almunawar, Mohammad Nabil,Anshari, Muhammad
Publisher : IGI Global
Page : 458 pages
File Size : 41,9 Mb
Release : 2024-03-27
Category : Business & Economics
ISBN : 9798369319437

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Strengthening Sustainable Digitalization of Asian Economy and Society by Ordóñez de Pablos, Patricia,Almunawar, Mohammad Nabil,Anshari, Muhammad Pdf

In the ongoing evolution of Asia's economy and society, there is a crucial need to explore innovative conceptual frameworks, empirical studies, and case analyses. These endeavors aim to unravel the intricate relationship between digital transformation and the imperative for fostering a greener, more circular, and climate-neutral Asian economy. Strengthening Sustainable Digitalization of Asian Economy and Society explores the intersection between digital technologies, knowledge management, and sustainable development. The book addresses the challenges and opportunities the digital age poses, examining how advanced information technologies, including artificial intelligence, IoT, and machine learning, coupled with practical knowledge management, can catalyze a transformative journey. Strengthening Sustainable Digitalization of Asian Economy and Society unravels how these digital tools and solutions impact the realization of the Sustainable Development Goals (SDGs) by 2030, offering invaluable insights for academics, researchers, industry players, policymakers, and stakeholders. This book emphasizes the ASEAN region, providing an understanding of the regional nuances in the digital transition by presenting comparative regional studies, including Asia, Europe, the USA, Latin America, Africa, and the Gulf Region.

Author : Rehman, Awais Ur,Malik, Arsalan Haneef
Publisher : IGI Global
Page : 346 pages
File Size : 47,7 Mb
Release : 2024-03-18
Category : Business & Economics
ISBN : 9798369314760

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Financial Inclusion, Sustainability, and the Influence of Religion and Technology by Rehman, Awais Ur,Malik, Arsalan Haneef Pdf

Financial inclusion has proven to be a looming issue challenging policymakers and scholars. Financial inclusion revolves around the fundamental notion of ensuring that individuals from all walks of life have access to affordable and effective financial products and services that cater to their unique needs. Yet, as we grapple with this issue, we find it entwined with other critical factors such as religious and cultural norms, technological advancements, and sustainability goals. The intricate web of these elements forms a complex tapestry that requires deep exploration and understanding. Financial Inclusion, Sustainability, and the Influence of Religion and Technology is a groundbreaking book which delves headfirst into the multifaceted issue of the inclusivity of financial services and the complexities of societal interplay in this matter. Targeting academic scholars as its primary audience, this book acts as a guide to solution development. It meticulously unravels the intricate connections between financial inclusion, sustainability, religion, and technology. Readers will embark on a journey that not only dissects the problem but also illuminates the path forward. From exploring the complex relationship between financial inclusion and sustainability to identifying the challenges and opportunities presented by religion and technology, this book leaves no stone unturned. It offers a comprehensive roadmap for future research and action, providing a beacon of hope for achieving a more equitable and technologically advanced future.

Author : StoryBuddiesPlay
Publisher : StoryBuddiesPlay
Page : 80 pages
File Size : 42,5 Mb
Release : 2024-04-04
Category : Business & Economics
ISBN : 8210379456XXX

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How CBDCs Will Change the Financial Landscape by StoryBuddiesPlay Pdf

Central Bank Digital Currencies (CBDCs): A Comprehensive Guide to the Future of Money Demystify the world of Central Bank Digital Currencies (CBDCs) and explore their potential to revolutionize the financial landscape. This comprehensive ebook dives deep into everything you need to know about CBDCs, from their core functionalities to their far-reaching implications. Unveiling the Transformative Potential of CBDCs Enhanced Efficiency: Discover how CBDCs can streamline payments, reduce transaction costs, and accelerate financial processes for individuals and businesses alike. Financial Inclusion for All: Explore how CBDCs can empower the unbanked population by providing secure access to financial services. Transparency and Security: Understand how CBDCs leverage secure digital ledger technology to promote transparency and accountability in financial transactions. Innovation Unleashed: Dive into the exciting new applications of CBDCs, such as programmable money, smart contracts, and more, opening doors to a world of financial possibilities. Beyond the Basics: A Look at the Road Ahead Building a Robust Framework: Learn about the crucial considerations for developing a secure and legally sound regulatory environment for CBDCs. The Power of Collaboration: Explore the significance of international cooperation between governments, central banks, and the private sector for successful CBDC implementation. Addressing Key Challenges: Gain insights into the potential hurdles associated with CBDCs, such as ensuring user privacy, achieving interoperability, and mitigating financial risks. A Call for Responsible Innovation This ebook equips you with the knowledge to navigate the ongoing conversation about CBDCs. It emphasizes the importance of responsible development, prioritizing user privacy, security, and financial inclusion as core principles. Whether you're a seasoned finance professional, a curious investor, or simply someone interested in the future of money, this ebook is your one-stop resource for understanding Central Bank Digital Currencies.

Author : Mr.John Kiff,Jihad Alwazir,Sonja Davidovic,Aquiles Farias,Mr.Ashraf Khan,Mr.Tanai Khiaonarong,Majid Malaika,Mr.Hunter K Monroe,Nobu Sugimoto,Hervé Tourpe,Peter Zhou
Publisher : International Monetary Fund
Page : 66 pages
File Size : 44,5 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781513547787

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A Survey of Research on Retail Central Bank Digital Currency by Mr.John Kiff,Jihad Alwazir,Sonja Davidovic,Aquiles Farias,Mr.Ashraf Khan,Mr.Tanai Khiaonarong,Majid Malaika,Mr.Hunter K Monroe,Nobu Sugimoto,Hervé Tourpe,Peter Zhou Pdf

This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. This paper makes a contribution to the CBDC literature by suggesting a structured framework to organize discussions on whether or not to issue CBDC, with an operational focus and a project management perspective.