Central Bank Digital Currencies (CBDCs) and democratic values
Discussions on Central Bank Digital Currencies (CBDCs) have so far mostly focused
on the potential risks that these currencies could represent for financial intermediation
and financial stability. It is important, however, to also consider how they could
contribute to the welfare of citizens, and how they can be leveraged to help uphold
certain democratic values. This paper explores how the design and implementation of
CBDCs can help countries mitigate threats to individual liberties and human rights,
as well as promote the equitable treatment of citizens, the protection of privacy,
and citizens’ trust in central banks. The sound governance architecture of CBDC systems
at the national and international level can further support these objectives.
Available from July 05, 2023
In series:OECD Business and Finance Policy Papersview more titles