Nigeria S Enaira One Year After

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Nigeria’s ENaira, One Year After

Jookyung Ree
Nigeria s ENaira One Year After Book PDF

Author : Jookyung Ree
Publisher : International Monetary Fund
Page : 46 pages
File Size : 43,9 Mb
Release : 2023-05-16
Category : Business & Economics
ISBN : 9798400241642

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Nigeria’s ENaira, One Year After by Jookyung Ree Pdf

This paper reflects on the first year of the eNaira—the first CBDC in Africa. Despite the laudable undisrupted operation for the first full year, the CBDC project has not yet moved beyond the initial wave of limited adoption. Network effects suggest the initial low adoption spell will require a coordinated policy drive to break it. The eNaira’s potential in financial inclusion requires a strategy to set the right relationship with mobile money, given the former’s potential to either complement or substitute the latter. Cost savings from integrating CBDC—as a bridge vehicle—in the remittance process may also be substantial.

Nigeria

International Monetary,International Monetary Fund. African Dept.
Nigeria Book PDF

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 74 pages
File Size : 51,5 Mb
Release : 2023-02-16
Category : Business & Economics
ISBN : 9798400232053

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Nigeria by International Monetary,International Monetary Fund. African Dept. Pdf

Economic recovery continued to broaden in 2022. Higher oil prices are yet to deliver tangible benefits amid contraction of oil production and costly fuel subsidies. Elevated inflation and lingering external sector pressures, if left unaddressed, may exacerbate macroeconomic instability. This could impact growth, food security and ultimately social cohesion given extreme inequality and high poverty. The upcoming elections provide an opportunity for the new administration to advance structural reforms and offer a more prosperous future.

Nigeria—Fostering Financial Inclusion Through Digital Financial Services

Torsten Wezel,Mr. Jack J Ree
Nigeria Fostering Financial Inclusion Through Digital Financial Services Book PDF

Author : Torsten Wezel,Mr. Jack J Ree
Publisher : International Monetary Fund
Page : 19 pages
File Size : 41,8 Mb
Release : 2023-03-06
Category : Business & Economics
ISBN : 9798400237195

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Nigeria—Fostering Financial Inclusion Through Digital Financial Services by Torsten Wezel,Mr. Jack J Ree Pdf

Financial inclusion in Nigeria has had undeniable successes, with the onboarding of residents to the banking sector consistently progressing. But the overall exclusion rates continue to exceed official targets, not least due to low financial literacy. Going forward, Nigeria’s financial inclusion strategy should more systematically leverage rapidly developing digital instruments. Uptake of digital financial services, notably mobile money, is still lower than in peer countries, and overcoming this would require improving digital financial literacy, upgrading digital infrastructure, and promoting incubation and sound practices of fintech firms. Nigeria’s CBDC also has an enabling potential if accompanied by a comprehensive package of supportive policies.

Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges

Kaur, Guneet,Lekhi, Pooja,Popli, Simriti
Exploring Central Bank Digital Currencies Concepts Frameworks Models and Challenges Book PDF

Author : Kaur, Guneet,Lekhi, Pooja,Popli, Simriti
Publisher : IGI Global
Page : 380 pages
File Size : 48,8 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.

Some Lessons from Asian E-Money Schemes for the Adoption of Central Bank Digital Currency

Tao Sun,Ryan Rizaldy
Some Lessons from Asian E Money Schemes for the Adoption of Central Bank Digital Currency Book PDF

Author : Tao Sun,Ryan Rizaldy
Publisher : International Monetary Fund
Page : 34 pages
File Size : 51,5 Mb
Release : 2023-06-09
Category : Business & Economics
ISBN : 9798400245046

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Some Lessons from Asian E-Money Schemes for the Adoption of Central Bank Digital Currency by Tao Sun,Ryan Rizaldy Pdf

This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate CBDC adoption through four channels: leveraging digital technology, targeting use cases, developing business models, and complying with legal and regulatory requirements; (iii) central banks could incentivize CBDC service providers to develop these four channels when considering CBDC adoption; and (iv) central banks may be able to establish data-sharing arrangements that preserve privacy while leaving room for CBDC service providers to explore the economic value of data.

Customer-Centric Innovation in Finance

Erin B Taylor,Anette Broløs
Customer Centric Innovation in Finance Book PDF

Author : Erin B Taylor,Anette Broløs
Publisher : Kogan Page Publishers
Page : 297 pages
File Size : 45,9 Mb
Release : 2024-04-03
Category : Business & Economics
ISBN : 9781398613881

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Customer-Centric Innovation in Finance by Erin B Taylor,Anette Broløs Pdf

The competition landscape of finance is changing fast and it has never been so important for the finance industry to truly understand their customers. Customer-Centric Innovation in Finance helps finance and fintech innovators understand customers' behavioural motivations to drive effective product development. Relying on quantitative data is not enough: numbers can be great at telling us what people are doing but they often fail to explain why people do what they do. And if a service doesn't exist yet, there is no data to tell us how people use it. Human insights, behavioural science and qualitative data add immense value to product development. Readers will learn to innovate smarter by getting a firm understanding of why customers like their solutions and how they adapt them to suit their needs. The book presents real-life examples throughout of how customers are changing their behaviour in response to a fast-evolving financial landscape and provides practical advice on how to transform such insights into innovation. It explores how to produce customer insights for services that don't exist yet, for instance Central Bank Digital Currencies (CBDCs). It also provides descriptions of hands-on tools to build new insights and apply them to innovation and of methodologies such as portable kits, personas, digital ethnography, observations and interviews.

Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa

Mr. Luca A Ricci,Mr. Calixte Ahokpossi,Anna Belianska,Khushboo Khandelwal,Ms. Sunwoo Lee,Ms. Grace B Li,Mr. Yibin Mu,Mr. Saad N Quayyum,Silvia G Nunez,Mr. Jack J Ree,Marcos Rietti Souto,Felix F. Simione
Central Bank Digital Currency and Other Digital Payments in Sub Saharan Africa Book PDF

Author : Mr. Luca A Ricci,Mr. Calixte Ahokpossi,Anna Belianska,Khushboo Khandelwal,Ms. Sunwoo Lee,Ms. Grace B Li,Mr. Yibin Mu,Mr. Saad N Quayyum,Silvia G Nunez,Mr. Jack J Ree,Marcos Rietti Souto,Felix F. Simione
Publisher : International Monetary Fund
Page : 91 pages
File Size : 53,5 Mb
Release : 2024-03-27
Category : Business & Economics
ISBN : 9798400273025

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Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa by Mr. Luca A Ricci,Mr. Calixte Ahokpossi,Anna Belianska,Khushboo Khandelwal,Ms. Sunwoo Lee,Ms. Grace B Li,Mr. Yibin Mu,Mr. Saad N Quayyum,Silvia G Nunez,Mr. Jack J Ree,Marcos Rietti Souto,Felix F. Simione Pdf

This Fintech Note reports key findings from the Sub-Saharan Africa Central Bank Digital Currency (CBDC) and Digital Payments Survey, shedding light on the motivations, benefits, and challenges of CBDC adoption, as well as the developments of digital private money and crypto assets in sub-Saharan Africa. It emphasizes the pivotal role of collaboration and shared knowledge in navigating the intricate landscape of digital currencies and assets in sub-Saharan Africa. As this evolving digital frontier is explored, the experiences and aspirations of the region’s central banks, as expressed in the survey, will help harness the potential for digital currencies, assets, and payments, and foster cooperation among countries in sub-Saharan Africa. A forthcoming IMF Departmental Paper will focus on key issues for countries in sub-Saharan Africa pertaining to CBDCs, private digital payments, and crypto assets. It will provide a deeper discussion of the benefits, costs, and risks of these digital payment systems and present policy options to enhance financial digital development and inclusion, while safeguarding macroeconomic and financial stability.

Central Bank Digital Currency's Role in Promoting Financial Inclusion

Ashley Lannquist,Brandon Tan
Central Bank Digital Currency s Role in Promoting Financial Inclusion Book PDF

Author : Ashley Lannquist,Brandon Tan
Publisher : International Monetary Fund
Page : 37 pages
File Size : 51,9 Mb
Release : 2023-09-22
Category : Business & Economics
ISBN : 9798400253331

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Central Bank Digital Currency's Role in Promoting Financial Inclusion by Ashley Lannquist,Brandon Tan Pdf

Financial inclusion is a key policy objective that central banks, especially those in emerging and low-income countries, are considering for retail central bank digital currency (CBDC). If properly designed to address the barriers to financial inclusion, CBDCs have the opportunity to gain acceptance by the financially excluded for digital payments. CBDC can then serve as an entry point to the broader formal financial system. CBDC has special aspects that may benefit financial inclusion, such as being a risk-free and widely acceptable form of digital money, availability for offline payments, and potentially lower costs and greater accessibility. However, CBDC is not a panacea to financial inclusion, and additional experience is needed to fully understand its potential impact.

The Rise of Blockchains

Kshetri, Nir
The Rise of Blockchains Book PDF

Author : Kshetri, Nir
Publisher : Edward Elgar Publishing
Page : 217 pages
File Size : 53,5 Mb
Release : 2022-09-08
Category : Business & Economics
ISBN : 9781802208177

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The Rise of Blockchains by Kshetri, Nir Pdf

Timely and invigorating, this book explores how blockchain technology is disrupting economies and transforming societies. It offers detailed insights into the synergistic and complementary effects of blockchain and other new and emerging technologies such as artificial intelligence, the Internet of Things, satellite imagery and digital twins.

Revolutionizing Financial Services and Markets Through FinTech and Blockchain

Mehta, Kiran,Sharma, Renuka,Yu, Poshan
Revolutionizing Financial Services and Markets Through FinTech and Blockchain Book PDF

Author : Mehta, Kiran,Sharma, Renuka,Yu, Poshan
Publisher : IGI Global
Page : 362 pages
File Size : 42,9 Mb
Release : 2023-07-20
Category : Business & Economics
ISBN : 9781668486269

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Revolutionizing Financial Services and Markets Through FinTech and Blockchain by Mehta, Kiran,Sharma, Renuka,Yu, Poshan Pdf

The financial services sector experiences millions of transactions representing billions of dollars every day, with security, transparency, and cost-efficiency being top priorities. Blockchain usage is increasing in the financial services sector; it is a breakthrough that has changed the global financial system, making it safer and more efficient. Revolutionizing Financial Services and Markets Through FinTech and Blockchain explores the application of blockchain technology within financial services and financial markets. Covering topics such as blockchain technology, e-finance applications, and financial product innovation, this book is ideal for academicians, investment institutions, asset management professionals, consultants, and more.

Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries

Howard Chitimira,Tapiwa Victor Warikandwa
Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries Book PDF

Author : Howard Chitimira,Tapiwa Victor Warikandwa
Publisher : Springer Nature
Page : 379 pages
File Size : 49,7 Mb
Release : 2023-03-28
Category : Law
ISBN : 9783031238635

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Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries by Howard Chitimira,Tapiwa Victor Warikandwa Pdf

This book investigates the regulation and promotion of financial inclusion and provides a comparative analysis of the regulation, promotion and enforcement of the relevant laws in the SADC (in particular, South Africa, Namibia, Botswana and Zimbabwe), as well as the challenges of financial inclusion. In turn, it evaluates financial inclusion in the context of specific challenges faced by unbanked and underbanked customers, who are easy targets for cyber criminals because they tend to have lower levels of digital literacy. The book presents novel discussions that identify the challenges and flaws associated with the enforcement of financial inclusion laws and related measures intended to promote financial inclusion in the SADC region. This is primarily done in order to reveal the current strengths and weaknesses of financial inclusion laws in relation to certain aspects of the companies, securities and financial markets in the region. For example, there is no common financial inclusion instrument/law that is effectively and uniformly applied throughout the SADC. This has impeded the enforcement authorities’ efforts to effectively combat financial exclusion across the region.The book is likely the most comprehensive study to date on the regulation and promotion of financial inclusion in the SADC region and fills a major gap in SADC and African legal jurisprudence. As such, it offers a valuable asset for policymakers, attorneys, bankers, securities (share) holders, and other market participants who deal with financial inclusion, as well as undergraduate and graduate students interested in the topic.

Exploring the Dark Side of FinTech and Implications of Monetary Policy

Ahmed, Sheraz,Addae, John Agyekum,Ofori, Kwame Simpe
Exploring the Dark Side of FinTech and Implications of Monetary Policy Book PDF

Author : Ahmed, Sheraz,Addae, John Agyekum,Ofori, Kwame Simpe
Publisher : IGI Global
Page : 300 pages
File Size : 48,8 Mb
Release : 2023-03-02
Category : Business & Economics
ISBN : 9781668463833

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Exploring the Dark Side of FinTech and Implications of Monetary Policy by Ahmed, Sheraz,Addae, John Agyekum,Ofori, Kwame Simpe Pdf

FinTech has revolutionized the way financial services are delivered and consumed in the modern world and the use of central bank digital currencies is gaining traction. With these new advancements, further study is required to ensure they are utilized appropriately and reach their full potential. Exploring the Dark Side of FinTech and Implications of Monetary Policy examines recent advancements in central bank digital currency and many FinTech applications and discusses FinTech trends, possibilities, and challenges as well as different moral, ethical, and social issues. Covering key topics such as digital economy, monetary policy, and sustainability, this reference work is ideal for managers, industry professionals, business owners, entrepreneurs, policymakers, researchers, scholars, practitioners, instructors, and students.

Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy

Pallavi Tyagi,Simon Grima,Kiran Sood,Balamurugan Balusamy,Ercan Özen,Eleftherios Thalassinos
Smart Analytics Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy Book PDF

Author : Pallavi Tyagi,Simon Grima,Kiran Sood,Balamurugan Balusamy,Ercan Özen,Eleftherios Thalassinos
Publisher : Emerald Group Publishing
Page : 235 pages
File Size : 40,7 Mb
Release : 2023-05-29
Category : Business & Economics
ISBN : 9781837534180

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Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy by Pallavi Tyagi,Simon Grima,Kiran Sood,Balamurugan Balusamy,Ercan Özen,Eleftherios Thalassinos Pdf

The Covid 19 pandemic has created chaos in the business world and forced leaders to rethink their operational status quo. Though the benefits outweigh the risks, the challenges in digitalised economies are as sophisticated as the solutions they offer.

Digital Economy, Energy and Sustainability

Mohammed El Amine Abdelli,Muhammad Shahbaz
Digital Economy Energy and Sustainability Book PDF

Author : Mohammed El Amine Abdelli,Muhammad Shahbaz
Publisher : Springer Nature
Page : 158 pages
File Size : 54,5 Mb
Release : 2023-03-01
Category : Technology & Engineering
ISBN : 9783031223822

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Digital Economy, Energy and Sustainability by Mohammed El Amine Abdelli,Muhammad Shahbaz Pdf

This book looks at how digital economy can help energy businesses to meet their sustainability goals. It will further generates a new debate among policymakers about encouraging green technologies to reduce global carbon emissions. Our modern society requires a long-term, sustainable, and secure energy supply that not only generates and preserves renewable energy. It is also creating universal intelligent machines for power systems, and vital infrastructure is considered in terms of digital economy requirements. The idea of sharing information is an essential principle of sustainable thinking. In such instances, open internet and data access are required to enable any human being to acquire knowledge. Furthermore, the energy industry is changing worldwide, necessitating the consideration of potential implications and modifications. Thus, its most distinguishing feature is moving from a centrally organized system to one with many market players. Consequently, information and communication technologies and human growth have significant main and interactive effects on environmental sustainability. Simultaneously, energy industry is a major player in resolving the digital economy’s development issues.

Central Bank Digital Currencies and the Global Financial System

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

Author : Muhammad Ashfaq,Rashedul Hasan,Jošt Merčon
Publisher : Walter de Gruyter GmbH & Co KG
Page : 180 pages
File Size : 49,9 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.