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Academic Journal of Business & Management, 2023, 5(15); doi: 10.25236/AJBM.2023.051505.

Research on the Impact and Policies of the Central Bank's Digital Currency on Economic Development

Author(s)

Hong You, Weiping Jia

Corresponding Author:
Hong You
Affiliation(s)

College of Economics and Management, Hunan University of Arts and Sciences, Changde, China

Abstract

At present, with the vigorous development of digital technology, digital technology is increasingly integrated into various fields of economic and social development, and the central bank's digital currency has emerged as the times require. The paper analyzes the contribution of the central bank's digital currency to economic growth, and also discusses the challenges that the central bank's digital currency brings to economic development. Finally, given the existing challenges, the article puts forward corresponding policy suggestions.

Keywords

digital currency, economic development, policies

Cite This Paper

Hong You, Weiping Jia. Research on the Impact and Policies of the Central Bank's Digital Currency on Economic Development. Academic Journal of Business & Management (2023) Vol. 5, Issue 15: 31-35. https://doi.org/10.25236/AJBM.2023.051505.

References

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[2] Chiu J., M. Davoodalhosseini, J. Jiang and Y. Zhu. Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment. Journal of Political Economy, 2023, 131:5: 1213-1248.

[3] Keister T. and D. Sanches. Should Central Banks Issue Digital Currency? The Review of Economic Studies, 2023, 90(1): 404–431.