Here’s a preview of a research audio that you will not want to miss: Central bank digital currencies: An agenda for future research. An academic paper by Ahmed H. Elsayed and Muhammad Ali Nasir.
Are you curious about digital currencies? As the world of finance evolves, CBDCs have emerged as a hot topic. In this blog post, we’ll provide a sneak peek into a research audio by Dr. Muhammad Ali Nasir, part of our Revolutionizing the Banking Industry with Blockchain Technology playlist, where he delves into CBDCs and their potential impact on monetary systems.
The Basics
Dr. Nasir begins by explaining what CBDCs are: digital currencies issued and regulated by central banks. He provides a comprehensive overview of CBDCs, exploring their economic rationale and potential impacts on monetary policy, financial stability, and inflation targeting. But that’s just the beginning!
The Core Element
As mentioned by Dr. Nasir, this research delves deeper into the concerns surrounding CBDCs. Before adopting CBDCs as a replacement for the current national reserve money system, crucial considerations need to be taken into account. The research explores questions related to how CBDCs could affect the role of central banks in monitoring and controlling inflation, as well as potential ethical, privacy, and environmental implications of CBDC implementation. It also discusses the need for robust regulatory frameworks to mitigate risks associated with CBDCs.
In essence, this research highlights the unknown areas that require in-depth research before implementing CBDCs. Despite the potential benefits, there are still many uncertainties surrounding CBDCs that need further exploration. The authors emphasize the importance of ongoing research to fully understand the economic rationale, technological constraints, and potential impacts of CBDCs. This research sets the stage for future research and policy debates on CBDCs.
Whether you’re a finance professional, an economist, or simply intrigued by the future of digital currencies, this research audio is a must-listen.
Author’s Audio by Dr. Muhammad Ali Nasir: https://acaudio.com/profile/1945
Reference:
Elsayed, A. H., & Nasir, M. A. (2022). Central bank digital currencies: An agenda for future research. Research in International Business and Finance, 62, 101736.