ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 49 No. 10 (2019)
FINANCIAL ECONOMY

Digital Currency as a New Form of Central Banks Money

PDF (Русский)
  • D. Kochergin,
  • A. Yangirova
D. Kochergin
St. Petersburg State University.
Bio
A. Yangirova
St. Petersburg State University.
DOI: https://doi.org/10.30680/ECO0131-7652-2019-10-148-171

Published 2019-10-03

Keywords

  • digital currency,
  • central banks,
  • central bank digital currency (CBDC),
  • electronic money,
  • cryptocurrencies,
  • blockchain,
  • distributed ledger
    • ...More
    Less

How to Cite

1.
Kochergin Д, Yangirova А. Digital Currency as a New Form of Central Banks Money. ECO [Internet]. 2019 Oct. 3 [cited 2024 Nov. 22];49(10):148-71. Available from: https://ecotrends.ru/index.php/eco/article/view/3900

Abstract

The release of digital currencies by central banks for retail or wholesale payments is one of the most promising directions of blockchain technology in operations of central banks. Among key characteristics of such currencies are ways of integration into a monetary system, the technology of issue, the way of storage, the mechanism of implementation of mutual settlements, the anonymity degree, and the possibility of access to funds. Digital currencies of central banks can become a new form of central bank money with such advantages as: granting alternative and universally available lawful means of payment and ensuring faster, transparent and cheap intra country and cross-border calculations. The article assesses prospects of digital currencies release by central bank in different countries. The review includes interpretation of central bank digital currencies with their classification, analysis of main approaches to central banks digital currencies issue and their key characteristics. The available results can be used by those engaged in economic research, credit institutes and central banks for improvement of national monetary circulation systems.
PDF (Русский)

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