The degrees of central bank digital currency adoption across countries: a preliminary analysis
Tu Le, Son Tran, Dat T. Nguyen, Thanh Ngo
Abstract
This study empirically examines factors affecting the different stages of CBDC adoption using a sample of 55 countries engaged in CBDC projects from 2014 to 2021. The findings indicate that anti-money laundering and terrorist financing and the financial market development, inflation and technological factors are critical determinants of CBDC adoption at different stages.
Topics & Concepts
Digital currencyMoney launderingInflation (cosmology)CurrencySample (material)BusinessMonetary economicsFinancial systemEconomicsInternational economicsFinancePhysicsTheoretical physicsChromatographyChemistryEconomic Growth and DevelopmentFinTech, Crowdfunding, Digital FinanceBlockchain Technology Applications and Security