Publicação
Cbdc - a matter of time: challenges and implications for technical design, financial stability and for privacy, illicit financial activity
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.author | Bader, Michelle | |
| dc.date.accessioned | 2024-10-03T13:35:50Z | |
| dc.date.available | 2024-10-03T13:35:50Z | |
| dc.date.issued | 2023-03-24 | |
| dc.date.submitted | 2022-12-16 | |
| dc.description.abstract | The rapid decrease in the use of cash and the emergence of stable coins and other private digital currencies have led Central Banks to consider the issuance of their own digital currency (Central Bank Digital Currency, so-called CBDCs). This thesis investigated the impact that CBDCs will have on the economic, privacy and technical pillars. To this end, a literature review was conducted in every section, combined with structured expert interviews. The analysis of the economic implications concluded that CBDCs might reduce the need for unconventional monetary policies and that the risks to financial stability are highly dependent on the CBDC design. The analysis of privacy and illicit financial activity concluded that the results ultimately hinge on its technical design and the policy objectives of each jurisdiction. However, the technical frameworks should have the backbone of an efficient legal framework. Since these economic and privacy implications depend highly on the design choices of the r-CBDC, the CBDC needs to be carefully designed without sacrificing user privacy or causing commercial bank disintermediation. | pt_PT |
| dc.identifier.tid | 203315561 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/172889 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Blockchain | pt_PT |
| dc.subject | Cbdc | pt_PT |
| dc.subject | Central bank | pt_PT |
| dc.subject | Commerical bank | pt_PT |
| dc.subject | Design choices | pt_PT |
| dc.title | Cbdc - a matter of time: challenges and implications for technical design, financial stability and for privacy, illicit financial activity | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Management, from the Nova School of Business and Economics. | pt_PT |