8min chapter

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Baby bust: China’s census

Economist Podcasts

CHAPTER

The Rise of Central Bank Digital Currencies

This chapter explores the emergence and implications of central bank digital currencies (CBDCs) as a government-issued alternative to cryptocurrencies and traditional bank deposits. It highlights the potential benefits and challenges CBDCs pose to the financial system, including impacts on private banks and privacy concerns. Additionally, the chapter reviews global initiatives on CBDCs and sets the stage for further discussions on the future of banking.

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