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What is Factors Influencing CBDC Adoption about?

This document discusses factors that determine the adoption of central bank digital currencies (CBDCs) across countries. It finds that wholesale CBDCs are more advanced in countries with developed financial markets and greater cross-border transactions, while retail CBDCs are more advanced in countries with lower financial inclusion and larger informal economies. The document uses an empirical model to show that different factors influence retail CBDC adoption in emerging versus advanced countries, though c

Author

Nguyễn Quỳnh Anh

Language

EN