Conference proceeding
Central bank digital currency models
Distributed Ledger Technology, pp.106-123
Communications in Computer and Information Science
International Symposium, 7th (Brisbane, QLD, Australia, 30/11/2023 - 01/12/2023)
09/02/2024
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Abstract
This research paper explores the models and implications of central bank digital currency (CBDC) in four countries: China, Japan, the U.S., and Australia. The paper analyses the different design choices, governance structures, and technological challenges of CBDC development in each country. The paper also compares the progress and impact of CBDC on financial stability, privacy, and centralised control. The paper concludes that CBDCs have the potential to revolutionise digital payment systems and enhance the efficiency and security of transactions, but they also pose significant risks and trade-offs that need to be carefully addressed. The paper provides some recommendations for CBDC development and adoption, such as establishing comprehensive regulations, educating the public, and ensuring interoperability.
Details
- Title
- Central bank digital currency models
- Creators
- Hei Lam Yip - Southern Cross UniversityBabu Pillai - Southern Cross University
- Publication Details
- Distributed Ledger Technology, pp.106-123
- Conference
- International Symposium, 7th (Brisbane, QLD, Australia, 30/11/2023 - 01/12/2023)
- Series
- Communications in Computer and Information Science
- Publisher
- Springer Nature Singapore; Singapore
- Identifiers
- 991013167673702368
- Copyright
- © 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
- Academic Unit
- Faculty of Science and Engineering
- Language
- English
- Resource Type
- Conference proceeding