Special Issue "The Future of Money: Central Bank Digital Currencies, Cryptocurrencies and Stablecoins"
Deadline for manuscript submissions: 1 December 2023 | Viewed by 7503
Interests: FinTech; alternative financing; international finance; banking
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This Special Issue addresses the broad topic of future money and includes novel research on Central Bank-issued Digital Currencies (CBDCs) and private-sector-issued digital currencies (virtual currencies). CBDCs and virtual currencies represent a significant step forward in financial technology. They solve the problems associated with cash and make payment systems more efficient and cost-effective. However, they are fraught with technological issues, as digital currency can be hacked, which can erode privacy.
One hundred countries are conducting research and testing on CBDCs, and a few are already distributing CBDCs to the general public. Bahamian Sand Dollars have been in circulation since 2020. Sweden's Riksbank has created a proof of concept and is investigating the technology and policy implications of CBDCs. In China, e-CNY continues to grow, with over one hundred million individual users and billions of yuan in transactions. Furthermore, the Federal Reserve acknowledges that a CBDCs could fundamentally alter the structure of the US financial system.
Cryptocurrencies were created with the intention of revolutionizing financial infrastructure. However, as with any revolution, there are trade-offs. Due to high investor losses resulting from scams, hacks and bugs, cryptocurrencies have earned a reputation as risky investments. While the underlying cryptography is generally secure, the technical complexity of using and storing crypto assets can pose significant risk to new users. Different types of digital currencies also carry different types of political risk related to taxation and legislation.
Digital money is still in its early stages and, despite its difficulties, will play a crucial role in the future of finance.
Prof. Dr. Ramona Rupeika-Apoga
Dr. Cristian Tiu
Dr. Ole Jakob Bergfjord
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
- digital currency
- virtual currency
- Central Bank Digital Currencies (CBDCs)
- fiat currency
- open virtual currency
- closed virtual currency
- initial coin offering
- digital wallets
- custody costs