Abstract
In barely a few years, central banks have significantly intensified their research and development activities on central bank digital currencies (CBDCs). These efforts are aided by an increasing body of economic research, much of which focuses on the "reserves for all" component of CBDCs for retail use. CBDCs, on the other hand, must be considered in the context of the digital economy and the value of data, raising concerns about competitiveness, payment system integrity, and privacy. This research takes readers on a tour of the emerging CBDC literature, concentrating on micro economic issues such as operational designs, technology, and privacy, as well as macroeconomic implications for the financial system, financial stability, and monetary policy. A number of unsolved questions, particularly concerning the cross-border characteristics of CBDCs, demand more research to widen the research field.
Keywords: CBDCs vs. Crypto currencies, Goals, Digital Currency.
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