To read this content please select one of the options below:

Multi-central bank digital currencies arrangements: a multivocal literature review

Kirti Sood (University School of Business, Chandigarh University, Chandigarh, India)
Simarjeet Singh (Department of Finance, Great Lakes Institute of Management Gurgaon, Gurgaon, India)

China Finance Review International

ISSN: 2044-1398

Article publication date: 18 June 2024

Issue publication date: 20 November 2024

164

Abstract

Purpose

The present study aims to systematically synthesize the academic and industrial literature on multi-central bank digital currencies (m-CBDCs) arrangements.

Design/methodology/approach

The study adopted a unique multivocal literature review methodology that considers both white and grey literature. For white literature searches, the study relied on Scopus, Web of Science (WOS), and Google Scholar bibliometric databases; for grey literature searches, the study used the Google search engine.

Findings

The findings of the study illustrated that M-CBDC arrangements, through various design options, have the potential to revolutionize the contemporary international payment system. M-CBDC arrangements will lead to more integrated financial systems and promote economic growth. However, m-CBDC arrangements will also have serious macroeconomic implications, such as contagion and currency substitution risks.

Research limitations/implications

The present review is one of the earliest reviews of m-CBDC arrangements. In addition, the findings of the study offer valuable insights for both academicians and policymakers.

Originality/value

The study is also one of the pioneer studies in management studies that apply a multivocal literature review methodology.

Keywords

Citation

Sood, K. and Singh, S. (2024), "Multi-central bank digital currencies arrangements: a multivocal literature review", China Finance Review International, Vol. 14 No. 4, pp. 813-841. https://doi.org/10.1108/CFRI-09-2023-0221

Publisher

:

Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

Related articles