Central bank digital currency: A systematic literature review using text mining approach

Hoang, Y; Ngo, Vu Minh; Vu, Ngoc Bich

doi:10.1016/j.ribaf.2023.101889

Cited by 20 publications

(10 citation statements)

References 64 publications

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“…These essential components are offered in order to provide a thorough understanding of the changing environment of digital currencies, including both advantages and disadvantages [ 90 ]. Research demonstrates the diversity of CBDC aspects to be considered, including its intricate restrictions, technical requirements for adoption, attributes, and prospective effects, but also Fintech advancements, monetary policy ramifications, feasible implementation options, and elements like their effect on money laundering and payment digitalization [ 91 ].…”

Section: Discussionmentioning

confidence: 99%

The rise in popularity of central bank digital currencies. A systematic review

Prodan,

Konhäusner,

Dabija

et al. 2024

Heliyon

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Section: Discussionmentioning

confidence: 99%

The rise in popularity of central bank digital currencies. A systematic review

Prodan,

Konhäusner,

Dabija

et al. 2024

Heliyon

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“…Scholars are mostly optimistic about the issuance of digital currencies by central banks and believe that there is more room for the development of central bank digital currencies than private digital currencies. Yen contends that the issuance of digital currencies by the central bank offers significant benefits concerning the total controllable supply, the capacity to diminish credit-related risks, and the equitable, not-for-profit nature of such issuance [12]. It is therefore not appropriate to adopt the same regulatory policy for virtual currencies and blockchain, and blockchain finance needs to enable innovation under sandbox regulation, with regulators taking the lead in completing the tracking tests for risks.…”

Section: Digital Currencymentioning

confidence: 99%

Fintech: Digital Transformation of Financial Services and Financial Regulation

Chen

2024

HBEM

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This study offers a comprehensive analysis of critical aspects within the domains of financial technology (Fintech) and online payments, with a focal point on the regulatory dimension. It commences by exploring how Fintech, propelled by technological innovations, has orchestrated a paradigm shift, ushering in the digital economy and digital civilization. It underscores Fintech's role in mitigating longstanding issues in traditional finance, particularly information asymmetry and high-risk premiums, harnessing the potential of big data, cloud computing, blockchain, and artificial intelligence. The study extends to a detailed evaluation of the intelligent investment advisory sector (Robo-Advisor) and online payments, delving into security concerns and regulatory considerations. A pivotal highlight is the transformative potential of digital currencies, including central bank digital currencies (CBDCs) and cryptocurrencies, in revamping payment systems, fortifying security, and reducing cross-border transaction costs. Regulatory upgrades play a paramount role in shaping this transformation, ensuring the security of online payments and fostering compliance.

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“…However, the authors underscored the rarity of research in this domain and positioned their work as a guide for future endeavors. Hoang et al . (2023) applied a combination of text mining and systematic review methods to assess 191 academic papers on CBDCs.…”

Section: Previous Studiesmentioning

confidence: 99%

“…Despite the emergence of CBDCs and the growing number of studies on CBDCs, there is still a high demand for knowledge on this topic. Only a few studies have explored the research emergence in this field, such as (Hoang et al ., 2023; Themistocleous et al ., 2023). In this study, using the Scopus database, 169 articles were finalized after a comprehensive screening process, as shown in Figure 1.…”

Section: Introductionmentioning

confidence: 99%

Central bank digital currencies: a comprehensive systematic literature review on worldwide research emergence and methods used

Fahad,

Bulut

2024

AJB

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PurposeThe purpose of this paper is to review the literature on Central Bank Digital Currencies (CBDCs) in light of the increasing demand for digital payments globally. It aims to assess the global research landscape, methodologies and data utilized in CBDC studies as their popularity grows.Design/methodology/approachThe paper employs a systematic literature review (SLR) framework, utilizing the Scopus database to identify 323 studies related to Central Bank Digital Currency or CBDC. Through a thorough manual screening process, 169 studies were selected for inclusion. The research employs R, Biblioshiny and Excel for data evaluation, classifying the studies into three methodological categories: quantitative, qualitative and mixed approaches. This classification allows for a detailed assessment of the research techniques and data used in the literature on CBDCs.FindingsThe findings include a diverse range of research methodologies and data employed in CBDCs literature, highlighting the growing interest and depth of academic investigation into this area. By categorizing papers according to research technique, the study provides a comprehensive evaluation of the academic landscape regarding CBDC research. It offers valuable insights for researchers, policymakers and stakeholders, contributing to an enhanced understanding of the complexities and opportunities presented by the development and implementation of CBDCs.Originality/valueThis study’s originality lies in its rigorous and transparent methodology for data from CBDC studies, offering a solid framework for future research. By evaluating global research growth within an SLR framework and categorizing studies by research technique, it contributes uniquely to the academic discourse on digital currencies. The paper provides a critical resource for researchers, lawmakers and stakeholders, enriching the knowledge base on CBDCs and supporting informed decision-making in the context of digital financial innovation.

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Central bank digital currency: A systematic literature review using text mining approach

Cited by 20 publications

References 64 publications

The rise in popularity of central bank digital currencies. A systematic review

The rise in popularity of central bank digital currencies. A systematic review

Fintech: Digital Transformation of Financial Services and Financial Regulation

Central bank digital currencies: a comprehensive systematic literature review on worldwide research emergence and methods used

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