100 Quotes about central bank digital currencies

Ozili, Peterson K (2025): 100 Quotes about central bank digital currencies. Forthcoming in:

Abstract

The objective of this article is to present some of the current thinking and arguments about central bank digital currency (CBDC) from the perspective of those who have vested interests in central bank digital currency (CBDC) and from those who are opposed to CBDC. The article gives the reader an opportunity to reflect deeply about CBDC and to make their own opinion about CBDC based on the informed insights of others. From the collection of quotes, it was found that the concept of a central bank digital currency has come to stay, and many central banks want to issue a CBDC in the distant future. It was also found that, despite the efforts of central banks and pro-CBDC enthusiasts to publicise the benefits of a CBDC for citizens, many people continue to raise daunting questions about the potential for government overreach and surveillance, loss of competitive advantages for deposit-taking financial institutions, loss of privacy for citizens, and concerns that CBDC development is an unwholesome distraction for central banks, among other concerns. There is also a perceived negative sentiment about CBDC, and this sentiment is unlikely to change anytime soon.

• Item Type: MPRA Paper
• Language: English
• Keywords: central bank, CBDC, central bank digital currency, wholesale CBDC, retail CBDC, financial stability, financial crisis, financial inclusion, payments.
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E59 - Other; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives

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