Rise of Central Bank Digital Currencies (CBDCs): Implications for the Global Financial System

##plugins.themes.academic_pro.article.main##

Olcar Ozdemir

Abstract

The rise of Central Bank Digital Currencies (CBDCs) is reshaping the global financial landscape, offering both opportunities and challenges. As digital alternatives to physical cash, CBDCs are being explored and implemented by numerous central banks worldwide. These digital currencies aim to enhance financial inclusion, improve transaction efficiency, and strengthen monetary policy effectiveness. However, their introduction raises concerns regarding privacy, cybersecurity, financial stability, and cross-border transactions. This paper explores the implications of CBDCs on the global financial system, analyzing their potential to disrupt traditional banking, alter international trade dynamics, and challenge existing financial institutions. By examining case studies from countries actively testing CBDCs, this study highlights key trends, regulatory considerations, and future prospects in the evolving monetary ecosystem.

##plugins.themes.academic_pro.article.details##

How to Cite
Ozdemir, O. (2025). Rise of Central Bank Digital Currencies (CBDCs): Implications for the Global Financial System. Pioneer Research Journal of Computing Science, 2(1), 30–48. Retrieved from http://prjcs.com/index.php/prjcs/article/view/59

Similar Articles

1 2 3 4 > >> 

You may also start an advanced similarity search for this article.