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Central Banks Digital Currency: Issuing and Integration Scenarios in the Monetary and Payment System

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Business Information Systems Workshops (BIS 2020)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 394))

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Abstract

The paper reviews different approaches to implementation of the central bank digital currencies (CBDC). Retail as well as wholesale CBDC are reviewed. Implications for the domestic and cross-border usage are analyzed. Based on the theoretical assumptions and practical cases available so far, different implementation models are classified and graded. The analysis shows that different CBDC implementation models for might require different level of central bank involvement and various impact on monetary policy. It also indicates that although significant adaptation of governance and technical procedures might be required, retail and wholesale CBDC may increase efficiency of the current payment systems, ensure higher transparency and availability of payments. However, for jurisdictions with limited payment infrastructure the costs of implementing CBDC might be prohibitive.

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References

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Authors and Affiliations

  1. Saint-Petersburg State University, Universitetskaya Emb. 7-9, 199034, St Petersburg, Russia

    Dmitry Kochergin & Victor Dostov

  2. Russian Electronic Money and Remittance Association, Orlikov Per. 5/2, 107078, Moscow, Russia

    Victor Dostov

Authors
  1. Dmitry Kochergin
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  2. Victor Dostov
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Corresponding author

Correspondence to Victor Dostov .

Editor information

Editors and Affiliations

  1. Poznań University of Economics and Business, Poznan, Poland

    Witold Abramowicz

  2. University of Colorado, Colorado Springs, CO, USA

    Gary Klein

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Kochergin, D., Dostov, V. (2020). Central Banks Digital Currency: Issuing and Integration Scenarios in the Monetary and Payment System. In: Abramowicz, W., Klein, G. (eds) Business Information Systems Workshops. BIS 2020. Lecture Notes in Business Information Processing, vol 394. Springer, Cham. https://doi.org/10.1007/978-3-030-61146-0_9

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  • DOI: https://doi.org/10.1007/978-3-030-61146-0_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-61145-3

  • Online ISBN: 978-3-030-61146-0

  • eBook Packages: Computer ScienceComputer Science (R0)

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