Central Bank Digital Currency (CBDC): Concepts, Wholesale and Cross-Border CBDC

Abstract

This chapter first reviews some of the background concepts on central bank digital currency (CBDC) to provide a broad context, before diving into wholesale CBDC often a starting point for central banks to build CBDC prototypes based on distributed ledger technology (DLT), as it involves less complexity in experimentation. This chapter also examines cross-border CBDC, often an extension of wholesale CBDC prototypes based on DLT. The next chapter will then discuss retail CBDC as well as the prospects of economy-wide roll out of CBDC going forward.

Citation

Moenjak, T. (2024), "Central Bank Digital Currency (CBDC): Concepts, Wholesale and Cross-Border CBDC", Central Banking at the Frontier, Emerald Publishing Limited, Leeds, pp. 241-267. https://doi.org/10.1108/978-1-83797-130-520241014