The Views of Regulators Around the World: A Systematic Review of Central Bank's Official Publications on CBDC

Abstract

In discussing the future of money and financial systems, central bank digital currencies (CBDCs) are now dominating the discourse; hence, understanding the perspectives of regulators, particularly central banks, and monetary authorities, is paramount in comprehending the global landscape of CBDC adoption and regulation. This chapter presents a systematic literature review of official publications published by central banks worldwide by synthesizing regulators' perspectives on CBDCs across different jurisdictions. This chapter synthesizes vital themes, trends, and insights about CBDCs by comprehensively analyzing central banks' publications. The authors find that official publications on CBDC by central banks are still at an early stage, highlighting the need for further research on perspectives by central banks about CBDC. Although many central banks indicated that they are undertaking CBDC research, their research output and public data are challenging to find.