Central Bank digital currencies (CBDCs): transforming monetary policy and reshaping economic and financial stability

De Angelis, Gennaro (A.A. 2024/2025) Central Bank digital currencies (CBDCs): transforming monetary policy and reshaping economic and financial stability. Tesi di Laurea in Money and banking, Luiss Guido Carli, relatore Paolo Paesani, pp. 59. [Bachelor's Degree Thesis]

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Abstract/Index

Evolution of money and monetary instruments. Definition of money. Money is what money does: different functions of money. The history of money: from the barter system to fiat money. Private forms of money: from e-money to cryptocurrencies. Central Bank digital currency: a public cryptocurrency? Monetary policy and economic stability in the age of CBDCs. Financial stability, risks and broader economic implications in a CBDC World. The transmission mechanism of monetary policy via CBDCs. Traditional monetary policy transmission mechanism. Interest rate channel in a CBDC economy. Credit channel and bank intermediation. Exchange rate channel and cross-border transactions. Overall impact of CBDCs on monetary policy transmission. Empirical analysis of the impact of CBDC introduction on inflation rates. Research design and hypothesis. Nigeria case. Jamaica case. Bahamas case.

References

Bibliografia: pp. 55-57.

Thesis Type: Bachelor's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33)
Chair: Money and banking
Thesis Supervisor: Paesani, Paolo
Academic Year: 2024/2025
Session: Summer
Deposited by: Alessandro Perfetti
Date Deposited: 12 Nov 2025 14:00
Last Modified: 12 Nov 2025 14:00
URI: https://tesi.luiss.it/id/eprint/43780

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