Digital Yuan – currency or policy tool?

Samek, Martin; Vlasta, Martin

doi:10.14712/23366478.2021.28

Cited by 5 publications

(2 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Samek and Vlasta proposed that CBDCs are currencies inspired by Bitcoin, combining all aspects of virtual currencies with FIAT currencies [22]. They started by understanding the digital yuan itself, its legal implementation, and its birth in a political, historical, and economic environment.…”

Section: Research On the Central Bank Digital Currencymentioning

confidence: 99%

The impact of digital RMB on the existing payment system and its future development trends

Huang,

Sun,

Sun

2023

Preprint

View full text Add to dashboard Cite

The central bank’s digital RMB pilot program is rapidly expanding across the country. In the era of the digital economy, digital RMB has great room for development. On the contrary, third-party online payment methods are under pressure from national policies, substitution of similar products, and social needs, leading to considerable uncertainty about their future direction. This article compares digital RMB with third-party payment platforms to analyze its unique advantages. We also collected questionnaire information filled out by groups of different generations to explore the audience groups of digital RMB and understand the attitudes of different groups towards using digital RMB for payment. The Baidu search index was used to explore the differences in the attention of different provinces to digital RMB, and the cumulative value of real estate investment was selected as the core independent variable to study its impact on digital RMB. Using the Baidu search index increasing search index chart in the main pilot areas, we analyze the reasons for its popularity trend. Finally, problems existing in the development of digital RMB are pointed out, and corresponding suggestions are provided. JEL Classification: B22 , D11 , E42 , E52 , E58

show abstract

Section: Research On the Central Bank Digital Currencymentioning

confidence: 99%

The impact of digital RMB on the existing payment system and its future development trends

Huang,

Sun,

Sun

2023

Preprint

View full text Add to dashboard Cite

show abstract

“…• аграрной политики -использования ЦВЦБ позволит осуществлять автоматический мониторинг за соответствием целей льготного кредитования целевым приоритетам государственной аграрной политики, а также расширит возможности для оценки влияния льготного кредита на динамику основных макроэкономических показателей развития отрасли. Опыт пилотной реализации проекта цифрового юаня в Китае показывает, что ЦВЦБ позволяет в реальном времени осуществлять интеллектуальный мониторинг больших данных для оценки поведения пользователей и рынков [23]. Как следствие, дополнительные информационные возможности, ассоциируемые с технологическими особенностями ЦВЦБ, способны усилить информационную и стимулирующую функции льготного сельскохозяйственного кредита.…”

Section: д а коробейниковunclassified

Possibilities of using the digital currency of the central bank in concessional lending to the agro-industrial complex

Korobeynikov

2023

jour

View full text Add to dashboard Cite

The article is devoted to the study of niche opportunities for using the digital currency of the central bank (CECB or digital ruble) in the mechanism of concessional lending to agriculture. The purpose of the study is to identify possible effects from the use of the digital ruble for industry borrowers, the budget and banking system through the digitalization of transactions between participants in multilateral interaction and strengthening the control function. The relevance of the study is associated with a prospective assessment of the possibilities of digital modernization of existing areas of state financial support for agriculture, opened by the circulation of the digital form of the Russian ruble. The scientific novelty consists in clarifying the consumer properties of the digital ruble in relation to its possible use in agricultural lending with state support, which are practically not considered in modern scientific research, especially in an industry context. The author used the methods of abstraction, generalization, formalization, analogy, scenario forecasting. It is shown that digital financial instruments can improve the manufacturability and practical availability of concessional lending, as well as eliminate bureaucratic barriers. A promising model for the modernization of existing mechanisms for preferential lending to the agro-industrial complex using the Central Bank of Central Banks in the channels of loan capital and budget financing has been developed. Conclusions are drawn about the prospects of using digital labels that accept the permissible properties of spending funds (loans and subsidies) in the Central Bank of Central Banks, an algorithm for the automatic execution, control and documentation of all transactions regulated by the mechanism of concessional lending to the agro-industrial complex in the form of a smart contract on the projected digital ruble platform is described. The main positive effects from the use of the Central Bank of Central Banks are associated with an increase in the transparency of payments and the possibility of automating the control of target, cost and procedural parameters of transactions, accelerating the procedures for passing loan applications, and increasing the diffusion of modern digital innovations into the agricultural sector of the economy. Prospects for further research are related to the empirical verification of the proposed provisions in the process of approbation and issuance of the digital ruble by the Bank of Russia.

show abstract

Virtuálne meny (právna podstata, regulačný rámec a zdaňovanie)

Štrkolec¹

2022

Auc Iuridica

View full text Add to dashboard Cite

Virtual currencies have been part of economic reality for more than a decade but have only become the subject of legal regulation at European and national level in recent years. This is in a sense natural, since law as a normative system reacts only with a certain time lag to already existing facts, circumstances, and relations which, due to their impact, require legal regulation. The author deals with the legal nature of virtual currencies and their relationship to categories such as money, currency, crypto assets. The article then defines their regulatory framework and taxation in terms of de lege lata and de lege ferenda. The paper concludes with thoughts towards the future of virtual currencies in financial and tax law.

show abstract

Digital Yuan – currency or policy tool?

Cited by 5 publications

References 3 publications

The impact of digital RMB on the existing payment system and its future development trends

The impact of digital RMB on the existing payment system and its future development trends

Possibilities of using the digital currency of the central bank in concessional lending to the agro-industrial complex

Virtuálne meny (právna podstata, regulačný rámec a zdaňovanie)

Contact Info

Product

Resources

About