A Critical Analysis of the Effects of the Central Bank of Nigeria’s Digital Currency Named ENaira on Financial Inclusion and AML/CFT Measures

2021 ◽  
Author(s):  
Ehi Esoimeme
Keyword(s):  
Central Bank ◽  
Critical Analysis ◽  
Financial Inclusion ◽  
Digital Currency

scholarly journals Significant Effect of the Central Bank Digital Currency on the Design of Monetary Policy

2019 ◽  
Vol 8 (1) ◽  
pp. 125-151
Author(s):  
Muhammad Edhie Purnawan ◽  
Retno Riyanti
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Central Banks ◽  
Financial Inclusion ◽  
Monetary Policy Transmission ◽  
Digital Currency ◽  
Policy Transmission

Entering the millennial era, technology has taken a big role in most sectors of life, including the currency as a product that can only be issued by the central bank. This paper examines the significant effect of central bank digital currency (CBDC) on the design of central bank monetary policy. The paper then sets out some benchmark central bank digital currency (CBDC) in several countries. Many central banks are actively exploring the initiation of sovereign digital currencies. Primary results this study is CBDC providing new monetary instruments, CBDC can improve financial inclusion, and CBDC is potential improvements in monetary policy transmission.

scholarly journals DESIGNING CENTRAL BANK DIGITAL CURRENCY FOR INDONESIA: THE DELPHI–ANALYTIC NETWORK PROCESS

2020 ◽  
Vol 23 (3) ◽  
pp. 413-440
Author(s):  
Bastian Muzbar Zams ◽  
Ratih Indrastuti ◽  
Akhmad Ginulur Pangersa ◽  
Nur Annisa Hasniawati ◽  
Fatimah Az Zahra ◽  
...  
Keyword(s):  
Central Bank ◽  
Delphi Method ◽  
Financial Stability ◽  
Analytic Network Process ◽  
Financial Inclusion ◽  
Shadow Banking ◽  
Economic Agents ◽  
Digital Currency ◽  
Network Process

The emergence of stablecoins is a growing concern for authorities worldwide including Indonesia as it could affect financial stability. Thus, if a central bank chooses to develop a central bank digital currency (CBDC) to tackle this problem, the design should conform to the country’s characteristics and consumer needs. This study draws on experts’ opinions from various economic agents and utilises an amalgamation of the analytic network process (ANP) and the Delphi method to show that the cash-like CBDC model is the most appropriate digital currency design for Indonesia, since it could enhance financial inclusion and reduce shadow banking in Indonesia.

scholarly journals A global perspective on central bank digital currency

2021 ◽  
pp. 1-16
Author(s):  
David Kuo Chuen Lee ◽  
Li Yan ◽  
Yu Wang
Keyword(s):  
Central Bank ◽  
Global Perspective ◽  
Digital Currency
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