The Role of Central Bank Digital Currencies in Financial Inclusion
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 91 |
Release | : 2023-03-01 |
ISBN-10 | : 9789292700911 |
ISBN-13 | : 929270091X |
Rating | : 4/5 (11 Downloads) |
Book excerpt: Asia and the Pacific continues to experience rapid development of innovative technology solutions driven by increased government support to help address the economic fallout of the coronavirus disease pandemic. This publication identifies the role that central bank digital currencies could play in overcoming some of the challenges of achieving financial inclusion. It proposes recommendations to aid policy makers and regulators. The publication shares insights from the Asia–Pacific Financial Inclusion Forum, a policy initiative of the Asia–Pacific Economic Cooperation Finance Ministers’ Process.