Money in the digital age : Exploring the potential of central bank digital currency with a focus on social adaptation and education

Horváth, Dóra ORCID: https://orcid.org/0000-0002-5819-1095 (2023) Money in the digital age : Exploring the potential of central bank digital currency with a focus on social adaptation and education. Sustainable Futures, 6 . DOI 10.1016/j.sftr.2023.100136

PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
1MB

Official URL: https://doi.org/10.1016/j.sftr.2023.100136

Abstract

This study delves into the benefits and risks of central bank digital currency (CBDC) and examines social adaptation, and education using expert interviews and conference insights. Vital findings stress the need for targeted educational efforts to facilitate CBDC adoption. The research also emphasizes best practices, engaging external experts, and a phased introduction strategy for safe and efficient implementation. Highlighting key stages, it underscores addressing genuine market needs for successful CBDC introduction. Overall, prudent risk management, strategic education, and well-planned phased deployment are crucial for successful CBDC implementation.

Item Type:

Article

Uncontrolled Keywords:

Central bank digital currency ; Digital transformation ; Financial technology ; Monetary policy ; Social acceptance

Divisions:

Institute of Strategy and Management

Subjects:

Finance

DOI:

10.1016/j.sftr.2023.100136

ID Code:

10227