Economic and Social Impacts of Central Bank Digital Currencies on Global Transaction Systems
Keywords:
Central Bank Digital Currency, CBDC, Global Transactions, Financial Inclusion, Digital Payment Systems, Economic PolicySynopsis
Central Bank Digital Currencies (CBDCs) are emerging as pivotal innovations in modern monetary systems. This paper investigates the economic and social ramifications of CBDCs within global transaction frameworks. It evaluates their potential to enhance efficiency, financial inclusion, monetary policy, and geopolitical monetary dynamics. It also critically examines the risks of financial disintermediation, surveillance, and uneven accessibility across nations. Drawing on scholarly literature up to 2022, this study offers a comprehensive outlook on how CBDCs may reshape the global economy.
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