Jurnal Ekonomi Indonesia
Vol 8 No 1 (2019): August

Significant Effect of the Central Bank Digital Currency on the Design of Monetary Policy

Muhammad Edhie Purnawan (Universitas Gadjah Mada, and Bank Indonesia Supervisory Board)
Retno Riyanti (Bank Indonesia Supervisory Board)

Article Info

Publish Date
01 Aug 2019

Abstract

Entering the millennial era, technology has taken a big role in most sectors of life, including the currency as a product that can only be issued by the central bank. This paper examines the significant effect of central bank digital currency (CBDC) on the design of central bank monetary policy. The paper then sets out some benchmark central bank digital currency (CBDC) in several countries. Many central banks are actively exploring the initiation of sovereign digital currencies. Primary results this study is CBDC providing new monetary instruments, CBDC can improve financial inclusion, and CBDC is potential improvements in monetary policy transmission.

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Journal Info
Jurnal Ekonomi Indonesia
Website

Abbrev

isei

Publisher

Ikatan Sarjana Ekonomi Indonesia

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi Indonesia is a journal published by Ikatan Sarjana Ekonomi Indonesia (ISEI) consists of academic articles on various subject areas including monetary and macroprudential regulation, finance and banking system, international economics, development economics, environmental and natural ...