Central bank digital currencies a potential response to the financial inclusion challenges of the Pacific.

Central bank digital currencies a potential response to the financial inclusion challenges of the Pacific.

It notes that well designed and implemented CBDCs could help expand financial inclusion and reduce the high cost of remittances. The authors recommend that Pacific island countries lay the groundwork for CBDCs by building specific knowledge and expertise within central banks.

Bibliographic Details
Main Authors: Didenko,Anton N. (Author), Buckley, Ross P. (Author)
Format: Electronic Resource
Language:English
Published: Manila,Philippines Asian Development Bank 2021
Subjects:
Microfinance > Asia.
Finance.
Electronic book.
Online Access:https://www.adb.org/publications/central-bank-digital-currencies-financial-inclusion-pacific