Central Bank Digital Currencies : Status quo, evolutions and possible variants of implementation

Abstract

The development in payment behavior, especially the steady growth of electronic payments, by all economic actors as well as the emergence of alternative payment methods has pushed policy makers and central banks to react to this development. CBDCs are currently being conceptually developed in all major economies and the individual design options are being discussed. This paper presents the current status quo, possible forms of development and the possibilities of implementation.