The Evolution of CBDC in G20 Economies. Design, Progress and Strategy .

@inproceedings{11233,
   author = {Pirgmann, Michael},
   address = {Praha},
   booktitle = {Konference doktorandů na Vysoké škole finanční a správní 2023: Prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (10. ročník) = Doctoral Student Conference at the University of Finance and Administration 2023: Results presentation of social science research with economic and financial effects (10th annual conference)},
   editor = {Ondřej Roubal},
   keywords = {Central Bank Digital Currency (CBDC); G20 Economies; Distributed Ledger Technology (DLT); CBDC Design},
   language = {eng},
   location = {Praha},
   isbn = {978-80-7408-270-2},
   pages = {105-119},
   publisher = {Vysoká škola finanční a správní, a.s.},
   title = {The Evolution of CBDC in G20 Economies. Design, Progress and Strategy .},
   url = {https://www.vsfs.cz/prilohy/konference_doktorandu_2023_web.pdf},
   year = {2023}
}

TY  - JOUR
ID  - 11233
AU  - Pirgmann, Michael
PY  - 2023
TI  - The Evolution of CBDC in G20 Economies. Design, Progress and Strategy .
PB  - Vysoká škola finanční a správní, a.s.
CY  - Praha
SN  - 9788074082702
KW  - Central Bank Digital Currency (CBDC)
KW  - G20 Economies
KW  - Distributed Ledger Technology (DLT)
KW  - CBDC Design
UR  - https://www.vsfs.cz/prilohy/konference_doktorandu_2023_web.pdf
N2  - This paper aims to provide a comprehensive examination of the rapidly evolving landscape of Central Bank Digital Currencies (CBDCs) within G20 economies. It seeks to differentiate the primary use cases of retail, wholesale, and cross-country CBDCs across the four development stages: research-, development-, pilot- and live-stage. The research reveals that, except for Argentina, all G20 economies are in advanced research or proof-of-concept stages, each with unique motivations and design considerations. Also, eastern nations, notably China, India, and Russia are progressing toward the imminent launch of retail CBDCs. In contrast, predominant western economies like the USA, UK and Eurozone remain in exploratory phases, preparing for a potential future launch should CBDC integration become necessary. Also, it can be concluded that CBDC is seen as an addition to cash and not as a replacement in all portrayed economies. Furthermore, most countries are undecided regarding the underlying technology, but are certain to distribute CBDCs via intermediaries and not directly via the Central Bank to avoid disintermediation. Noticeably, most G20 economies are involved in one of twelve international projects for cross-country CBDCs which are currently underway.
ER  - 

PIRGMANN, Michael. The Evolution of CBDC in G20 Economies. Design, Progress and Strategy . In Ondřej Roubal. \textit{Konference doktorandů na Vysoké škole finanční a správní 2023: Prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (10. ročník) = Doctoral Student Conference at the University of Finance and Administration 2023: Results presentation of social science research with economic and financial effects (10th annual conference)}. Praha: Vysoká škola finanční a správní, a.s., 2023, s.~105-119. ISBN~978-80-7408-270-2.