Central Bank Digital Currencies in Asia Pacific: Barriers to Design, Development, and Implementation (Routledge International Studies in Money and Banking)

Advanced and emerging economies within Asia Pacific are exploring Central Bank Digital Currencies (CBDCs) as the next step towards digital public money to ensure monetary systems are appropriate, adaptive, and future-proof.Each jurisdiction will encounter its own subtly unique challenges in implementation.Focused on the Asia Pacific region, this book examines the motivations behind CBDC adoption, the design and technological requirements, and the policy challenges faced by central banks. Using nations within Asia Pacific as case studies, it asks whether the potential design of CBDC will be influenced by the jurisdiction’s regulation of legal tender and the central bank’s motivations for exploring CBDC, considering the required technological capabilities.In addition to legislative and practical considerations domestically, each nation within the region must consider how its CBDC will be received within a region where perspectives and approaches on CBDC differ substantially.Despite littl