Stablecoins, CBDCs, and the digital bridge to global finance: what characteristics make countries endeavor CBDC projects?

Dehghani, MA ORCID: https://orcid.org/0000-0002-6646-2326, Karavidas, D, Brauneis, A ORCID: https://orcid.org/0000-0001-6965-5492 and Thavorn, J, 2025. Stablecoins, CBDCs, and the digital bridge to global finance: what characteristics make countries endeavor CBDC projects? Communications of the Association for Information Systems, 56. ISSN 1529-3181

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Abstract

The adoption of central bank digital currencies (CBDCs) is accelerating, with four nations deploying them by 2024 and over a hundred considering adoption. CBDCs offer a digital alternative to traditional fiat currency, managed by central banks, aiming to enhance payment efficiency, ensure privacy, promote financial inclusion, and counter the rise of privately issued stablecoins. Despite extensive research on CBDCs, little is known about the factors driving countries to pursue these projects. This paper explores key determinants, such as political regime, human development, economic freedom, and perceived corruption, and examines how stablecoins shape dynamics.

Item Type:	Journal article
Publication Title:	Communications of the Association for Information Systems
Creators:	Dehghani, M.A., Karavidas, D., Brauneis, A. and Thavorn, J.
Publisher:	Association for Information Systems
Date:	27 March 2025
Volume:	56
ISSN:	1529-3181
Identifiers:	Number Type 2419086 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	01 Apr 2025 07:37
Last Modified:	01 Apr 2025 08:44
URI:	https://irep.ntu.ac.uk/id/eprint/53333

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