Impact of Globalization on Central Bank Digital Currencies

Author(s)	S Aakarsh Bhargav
Country	India
Abstract	Central Bank Digital Currencies or CBDCs are a recent development that has affected global financial systems and has led central banks worldwide to explore new options for monetary policy and payment framework. CBDCs are the digital versions of the physical fiat currency and have risen to tackle the challenges and opportunities of Globalization. This paper aims to determine the impact of the intricate relationship between CBDCs and Globalization and examines the cross-border movement of transactions, capital, etc. This research follows a multidisciplinary approach to the influence of CBDCs in assessing cross-border transactions, international trade, and monetary policy coordination, it also discusses the potential challenges of CBDCs and their regulatory and security standards that ensure the privacy and integrity of the currency while following international legal and regulatory norms
Published In	Volume 5, Issue 6, November-December 2023
Published On	2023-12-14
DOI	https://doi.org/10.36948/ijfmr.2023.v05i06.10415
Short DOI	https://doi.org/gs839s

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International Journal For Multidisciplinary Research