Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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Research on the Impact of Central Bank digital Currency Issuance on Macroeconomics

Authors
Han Lu1, Kaifeng Shen2, Baodie Zeng3, *
1School of Economics, Nanjing Audit University, 211815, Nanjing, China
2NUIST Reading Academy, Nanjing University of Information Science and Technology, 210044, Nanjing, China
3Insurance Academy, University of International Business and Economics, 100105, Beijing, China
*Corresponding author. Email: 202330004@uibe.edu.cn
Corresponding Author
Baodie Zeng
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_83How to use a DOI?
Keywords
Central Bank digital currency (CBDC); Financial stability; Monetary policy transmission mechanism; Systemic risk
Abstract

With the development of digital technology, central bank digital currency (CBDC) has gradually become a key force in the global financial system. This paper reviews the multi-dimensional macroeconomic impacts of digital currencies, particularly CBDCS, including impacts on financial stability, commercial banking business models, user privacy, and payment systems. Through systematic literature review and analysis, this paper summarizes the models and methods used in different studies, such as structural equation model, dynamic stochastic general equilibrium model, event study method, etc., and discusses the research conclusions and viewpoints of different scholars in these fields. Research has shown that CBDC can both improve the stability and efficiency of the financial system and trigger new systemic risks. Its impact depends on the mode of implementation and the economic environment, and future studies should further explore its economic effects and long-term impact on social equity and the international financial order. The review of this paper provides a valuable reference for the academic community and policy makers.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_83How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Han Lu
AU  - Kaifeng Shen
AU  - Baodie Zeng
PY  - 2025
DA  - 2025/02/24
TI  - Research on the Impact of Central Bank digital Currency Issuance on Macroeconomics
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 783
EP  - 788
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_83
DO  - 10.2991/978-94-6463-652-9_83
ID  - Lu2025
ER  -