CBDCs: Pros and Cons - A Comprehensive List and Discussion of the Advantages and Disadvantages of Central Bank Digital Currency

Schueffel (2023) CBDCs: Pros and Cons A comprehensive list and discussion of the advantages and disadvantages of central bank digital currency, Journal of Digital Assets, Volume 1, Issue 2, p.49-56, ISSN:2951-5181 DOI:10.23164/journal.230808.000004

8 Pages Posted: 6 Apr 2023 Last revised: 28 May 2024

See all articles by Patrick Schueffel

Patrick Schueffel

Haute école de gestion (HEG) de Fribourg

Date Written: August 8, 2023

Abstract

Central bank digital currencies (CBDCs) have the potential to fundamentally alter the current monetary system. Potentially they could bring about a whole range of advantages compared to the status quo, yet they could also introduce a host of disadvantages. This text provides a comprehensive list of the pros and cons of CBDC along with a description of every single positive or negative outcome. Finally, it weighs the benefits and drawbacks of this new form of legal tender against each other.

Keywords: CBDC, central bank digital currency, central bank, monetary policy, legal tender, currency, banks

JEL Classification: E42, E58, G28, H41, P44, P48, K11, K22, P11, P22

Suggested Citation

Schueffel, Patrick, CBDCs: Pros and Cons - A Comprehensive List and Discussion of the Advantages and Disadvantages of Central Bank Digital Currency (August 8, 2023). Schueffel (2023) CBDCs: Pros and Cons A comprehensive list and discussion of the advantages and disadvantages of central bank digital currency, Journal of Digital Assets, Volume 1, Issue 2, p.49-56, ISSN:2951-5181 DOI:10.23164/journal.230808.000004, Available at SSRN: https://ssrn.com/abstract=4398748 or http://dx.doi.org/10.2139/ssrn.4398748

Patrick Schueffel (Contact Author)

Haute école de gestion (HEG) de Fribourg ( email )

Chemin du Musée 4
Fribourg, 1700
Switzerland

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