اعتماد العملة الرقمية للبنك المركزي: تهديد أم فرصة؟
الكلمات المفتاحية:
عملة رقمية للبنك مركزي, فوائد, مخاطر, نظام مالي, ابتكار, تمويل رقمي
الملخص
يمثل ظهور العملات الرقمية للبنك المركزي تحولًا كبيرًا في المشهد المالي العالمي، حيث تبحث هذه الدراسة في الطبيعة المزدوجة للعملات الرقمية للبنك المركزي داخل النظام المالي العالمي باعتبارها تهديدًا وفرصة محتملة، إذ تهدف هذه الدراسة إلى دراسة الفوائد والمخاطر المرتبطة باعتماد العملات الرقمية للبنوك المركزية، وتأثيراتها المحتملة على الأنظمة المالية على مستوى العالم، حيث كشفت النتائج أن العملات الرقمية للبنوك المركزية يمكن أن تعزز أنظمة الدفع والشمول المالي وفعالية السياسة النقدية، ومع ذلك فإنها تشكل أيضًا مخاطر تتعلق بالاستقرار المالي والخصوصية والأمن السيبراني.
وقد خلصت هذه الدراسة إلى أن العملات الرقمية للبنوك المركزية تمثل ابتكارًا مهمًا في التمويل الرقمي وتقدم مزايا كبيرة، لكن تكاملها الناجح يتطلب دراسة متأنية لمختلف التحديات وعمل موازنة دقيقة بين الفوائد والمخاطر بهدف وضع أسس قوية لمواجهة هذه المخاطر والاستفادة من إمكانات العملات الرقمية للبنوك المركزية لتعزيز نظام مالي أكثر شمولاً وكفاءة.
المراجع
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- Auer, R., Frost, J., Gambacorta, L., Monnet, C., Rice, T., & Shin, H. S. (2022). Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier. Annual Review of Economics, 14, 697–721. https://doi.org/10.1146/annurev-economics-051420-020324
- Ballaschk, D., & Paulick, J. (2021). The public, the private and the secret: Thoughts on privacy in central bank digital currencies. Journal of Payments Strategy & Systems, 15(3), 277–286.
- Boar, C., & Wehrli, A. (2021). Ready, steady, go?-Results of the third BIS survey on central bank digital currency. BIS Papers, 114, 77–82.
- Cesaratto, S., & Febrero, E. (2023). Central Bank Digital Currencies: a proper reaction to private digital money? Review of Keynesian Economics, 11(4), 529–553. https://doi.org/10.4337/roke.2023.04.05
- Das, M. (2023). Implications of Central Bank Digital Currencies for Monetary Policy Transmission. Fintech Notes, 2023(010), 1. https://doi.org/10.5089/9798400252792.063
- Dionysopoulos, L., Marra, M., & Urquhart, A. (2024). Central bank digital currencies: A critical review. International Review of Financial Analysis, 91(March 2023), 103031. https://doi.org/10.1016/j.irfa.2023.103031
- ECB, & BIS. (2020). Central bank digital currencies: foundational principles and core features report no. 1 in a series of collaborations from a group of central banks. Bank of International Settlements, 1. https://www.bis.org/publ/othp33.pdf
- Fuje, H., Quayyum, S., & Ouattara, F. (2022). More African Central Banks Are Exploring Digital Currencies. IMFBLOG. June, 23.
- Gault, B. P. (2019). Missing Key: In Body as Landscape, Love as Intoxication. https://doi.org/10.2307/j.ctvpwhfs4.6
- Kovanen, A. (2019). Competing With Bitcoin - Some Policy Considerations for Issuing Digitalized Legal Tenders. International Journal of Financial Research, 10(4), 1. https://doi.org/10.5430/ijfr.v10n4p1
- Lannquist, A. (2023). Central Bank Digital Currency’s Role in Promoting Financial Inclusion. Fintech Notes, 2023(011), 1. https://doi.org/10.5089/9798400253331.063
- Loukoianova, E., Yang, Y., Guo, S., Hunter, L., Jahan, S., Jamaludin, F., & Schauer, J. (2018). Financial Inclusion in Asia-Pacific. Departmental Papers / Policy Papers, 18(17), 1. https://doi.org/10.5089/9781484371015.087
- Nabilou, H. (2020). Testing the waters of the Rubicon: the European Central Bank and central bank digital currencies. Journal of Banking Regulation, 21(4), 299–314. https://doi.org/10.1057/s41261-019-00112-1
- Ozturkcan, S., Senel, K., & Ozdinc, M. (2022). Framing the Central Bank Digital Currency (CBDC) revolution. Technology Analysis & Strategic Management, 1–18. https://doi.org/10.1080/09537325.2022.2099261
- Payments, F. O. F. (2023). FUTURE OF PAYMENTS 2023 CHARTING THE COURSE TO SEAMLESS GLOBAL PAYMENTS.
- Pelagidis, T., & Kostika, E. (2022). Investigating the role of central banks in the interconnection between financial markets and cryptoassets. Journal of Industrial and Business Economics, 49(3), 481–507. https://doi.org/10.1007/s40812-022-00227-z
- Rehman, M. A., Irfan, M., Naeem, M. A., Lucey, B. M., & Karim, S. (2023). Macro-financial implications of central bank digital currencies. Research in International Business and Finance, 64, 101892. https://doi.org/10.1016/j.ribaf.2023.101892
- Rina Bhattacharya, Dmitry Vasilyev, and M. V. (2023). Interest in Central Bank Digital Currencies Picks Up in Latin America and the Caribbean While Crypto Use Varies. International Monetary Fund. https://www.imf.org/en/News/Articles/2023/06/22/cf-interest-in-cb-digital-currencies-picks-up-in-latam-the-caribbean-while-crypto-use-varies
- Sutton-lalani, A., & Hernandez, S. (2023). Redefining Financial Inclusion for a Digital Age : Implications for a Central Bank Digital Currency. https://doi.org/https://doi.org/10.34989/sdp-2023-22
- Temperini, J., D’Ippoliti, C., & Gobbi, L. (2024). Is the time ripe for helicopter money? Growth impact and financial stability risks of outright monetary transfers. Structural Change and Economic Dynamics, 69, 24–36. https://doi.org/10.1016/j.strueco.2023.11.003
- Zhang, X. (2020). Opportunities, challenges and promotion countermeasures of central bank digital currency. Proceedings - 2020 Management Science Informatization and Economic Innovation Development Conference, MSIEID 2020, 343–346. https://doi.org/10.1109/MSIEID52046.2020.00072
- Atlantic Council (2023), Central Bank Digital Currency Tracker, Geoeconomics Center, https://www.atlanticcouncil.org/cbdctracker/ (consulted on 07/01/2024).
- CBDC Tracker(2023), Today's Central Bank Digital Currencies Status, https://cbdctracker.org/ (consulted on 19/02/2024).
- European Central Bank. (2023). Eurosystem proceeds to next phase of digital euro project. https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr231018~111a014ae7.en.html (consulted on 09/01/2024).
- IMF. (2023). The Digital Finance Voyage: A Case for Public Sector Involvement. IMF. https://www.imf.org/en/News/Articles/2023/11/15/sp-111423-the-digital-finance-voyage-a-case-for-public-sector-involvement (consulted on 29/11/2024).
- Karam, A. A. (2023). Central Bank Digital Currency (CBDC) and blockchain enable the future of payments. https://www.ibm.com/blog/central-bank-digital-currency-cbdc-and-blockchain-enable-the-future-of-payments/ (consulted on 03/12/2024).
منشور
2024-06-01
كيفية الاقتباس
خطـــوي خ. (2024). اعتماد العملة الرقمية للبنك المركزي: تهديد أم فرصة؟. مجلة الامتياز لبحــوث الاقتصاد والادارة, 8(1), 195-210. استرجع في من http://journals.lagh-univ.dz/index.php/jeemr/article/view/3845
إصدار
القسم
Original Article
