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

IF 9 1区经济学 Q1 BUSINESS, FINANCE

China Finance Review International Pub Date : 2024-06-18 DOI:10.1108/cfri-09-2023-0221

Kirti Sood, Simarjeet Singh

{"title":"Multi-central bank digital currencies arrangements: a multivocal literature review","authors":"Kirti Sood, Simarjeet Singh","doi":"10.1108/cfri-09-2023-0221","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>The present study aims to systematically synthesize the academic and industrial literature on multi-central bank digital currencies (m-CBDCs) arrangements.</p>\n<h3>Design/methodology/approach</h3>\n<p>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.</p>\n<h3>Findings</h3>\n<p>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.</p>\n<h3>Research limitations/implications</h3>\n<p>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.</p>\n<h3>Originality/value</h3>\n<p>The study is also one of the pioneer studies in management studies that apply a multivocal literature review methodology.</p>","PeriodicalId":44440,"journal":{"name":"China Finance Review International","volume":"73 1","pages":""},"PeriodicalIF":9.0000,"publicationDate":"2024-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"China Finance Review International","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1108/cfri-09-2023-0221","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

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.

查看原文本刊更多论文

多中央银行数字货币安排：多声部文献综述

本研究旨在系统地归纳有关多中央银行数字货币（m-CBDCs）安排的学术和行业文献。本研究采用了一种独特的多声部文献综述方法，同时考虑了白色和灰色文献。在白色文献检索方面，研究依赖于 Scopus、Web of Science (WOS) 和 Google Scholar 文献计量数据库；在灰色文献检索方面，研究使用了 Google 搜索引擎。移动式银行间数据交换安排将带来更加一体化的金融体系，并促进经济增长。然而，多边-银行间数据交换安排也会产生严重的宏观经济影响，如传染和货币替代风险。此外，研究结果还为学者和政策制定者提供了有价值的见解。原创性/价值本研究也是管理研究中采用多声部文献综述方法的先驱研究之一。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

China Finance Review International BUSINESS, FINANCE-

CiteScore

12.40

自引率

1.20%

发文量

112

期刊介绍： China Finance Review International publishes original and high-quality theoretical and empirical articles focusing on financial and economic issues arising from China's reform, opening-up, economic development, and system transformation. The journal serves as a platform for exchange between Chinese finance scholars and international financial economists, covering a wide range of topics including monetary policy, banking, international trade and finance, corporate finance, asset pricing, market microstructure, corporate governance, incentive studies, fiscal policy, public management, and state-owned enterprise reform.