Connectedness between central bank digital currency index, financial stability and digital assets

Journal of International Financial Markets Institutions and Money, Journal Year: 2024, Volume and Issue: 92, P. 101981 - 101981

Published: March 26, 2024

This study examines the interconnectedness between central bank digital currencies (CBDC) index, assets and financial stability. First, we use CBDC index as a measure of stability examine its connectedness with other known measures used in literature. Secondly, analyse such cryptocurrencies non-fungible tokens various By analysing returns data applying to cryptocurrencies, stablecoins NFTs, gain insights into relationships among these within framework. The findings reveal significant level CBDCs Our analysis shows weak positive assets, indicating that movements are not closely related performance have very small contribution changes assets. Furthermore, finds bidirectional measures, suggesting can influence overall system, vice versa. highlights importance carefully considering design implementation ensure they support objectives.

Language: Английский

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Asymmetric effects of market uncertainties on agricultural commodities

Energy Economics, Journal Year: 2023, Volume and Issue: 127, P. 107080 - 107080

Published: Oct. 4, 2023

The interplay between energy and agricultural commodities responses of to global uncertainty factors have been receiving increasing attention due the pivotal contributions commodity markets world economy. This study investigates asymmetric effects oil, market volatility sentiment, economic policy uncertainty, geopolitical risk on in a nonparametric quantile-on-quantile regression framework. sample used for empirical analysis spans from January 03, 2013, October 21, 2022 includes ten (canola, cocoa, coffee, corn, feeder cattle, lean hogs, live orange juice, sugar, wheat), crude oil implied (OVX), sentiment (VIX), US (USEPU), (GPR). findings suggest that fails serve as either hedge or safe-haven commodities. Meanwhile, OVX VIX potential hedges against shocks. At elevated levels USEPU, reveal only weak hedging capacities USEPU-driven downside risks mostly act just diversifiers effects. However, they could crystallisations risks. These are important effective regulation policies, management, portfolio decisions across bullish, bearish, normal conditions.

Language: Английский

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Volatility connectedness between global COVOL and major international volatility indices

Finance research letters, Journal Year: 2023, Volume and Issue: 56, P. 104112 - 104112

Published: June 17, 2023

Language: Английский

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Examining the impact of a central bank digital currency on the access to banking

International Review of Financial Analysis, Journal Year: 2024, Volume and Issue: 93, P. 103220 - 103220

Published: March 16, 2024

Language: Английский

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Centralized use of decentralized technology: Tokenization of currencies and assets

Structural Change and Economic Dynamics, Journal Year: 2024, Volume and Issue: 71, P. 15 - 25

Published: June 18, 2024

This paper presents a thorough examination of centralized use decentralized technology (blockchain) in monetary and financial systems at the national level. A comparative study is conducted to summarize regulatory legislative frameworks currency/asset tokenization seven major economies (US, EU, UK, Switzerland, Australia, Japan, South Korea). China then used as case explore how blockchain adopted enable central bank digital currency, bond tokenization, "currency bridge". Based on various contexts analyzed, we extend Technology Acceptance Model, highlighting roles perceived benefits, risks, collaborative leadership building trust promoting adoption tokenization. Policymakers practitioners are recommended follow gradual, eclectic, approach

Language: Английский

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Tokens and cryptocurrencies: Evidence from asymmetric frequency connectedness approach

Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102884 - 102884

Published: April 1, 2025

Language: Английский

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Does news related to digital economy and central bank digital currency affect digital economy ETFs? Evidence from TVP-VAR connectedness and wavelet local multiple correlation analyses

Global Finance Journal, Journal Year: 2024, Volume and Issue: 61, P. 100992 - 100992

Published: May 24, 2024

Language: Английский

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Central bank digital currencies: a comprehensive systematic literature review on worldwide research emergence and methods used

American Journal of Business, Journal Year: 2024, Volume and Issue: 39(3), P. 137 - 157

Published: May 27, 2024

Purpose The purpose of this paper is to review the literature on Central Bank Digital Currencies (CBDCs) in light increasing demand for digital payments globally. It aims assess global research landscape, methodologies and data utilized CBDC studies as their popularity grows. Design/methodology/approach employs a systematic (SLR) framework, utilizing Scopus database identify 323 related Currency or CBDC. Through thorough manual screening process, 169 were selected inclusion. R, Biblioshiny Excel evaluation, classifying into three methodological categories: quantitative, qualitative mixed approaches. This classification allows detailed assessment techniques used CBDCs. Findings findings include diverse range employed CBDCs literature, highlighting growing interest depth academic investigation area. By categorizing papers according technique, study provides comprehensive evaluation landscape regarding research. offers valuable insights researchers, policymakers stakeholders, contributing an enhanced understanding complexities opportunities presented by development implementation Originality/value study’s originality lies its rigorous transparent methodology from studies, offering solid framework future evaluating growth within SLR it contributes uniquely discourse currencies. critical resource lawmakers enriching knowledge base supporting informed decision-making context financial innovation.

Language: Английский

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The hedging performance of green bond markets in China and the U.S.: Novel evidence from cryptocurrency uncertainty

Energy Economics, Journal Year: 2023, Volume and Issue: 128, P. 107194 - 107194

Published: Nov. 15, 2023

Language: Английский

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Multi-central bank digital currencies arrangements: a multivocal literature review

China Finance Review International, Journal Year: 2024, Volume and Issue: unknown

Published: June 17, 2024

Purpose The present study aims to systematically synthesize the academic and industrial literature on multi-central bank digital currencies (m-CBDCs) arrangements. Design/methodology/approach adopted a unique multivocal review methodology that considers both white grey literature. For searches, relied Scopus, Web of Science (WOS), Google Scholar bibliometric databases; for used search engine. Findings findings illustrated M-CBDC arrangements, through various design options, have potential revolutionize contemporary international payment system. arrangements will lead more integrated financial systems promote economic growth. However, m-CBDC also serious macroeconomic implications, such as contagion currency substitution risks. Research limitations/implications is one earliest reviews In addition, offer valuable insights academicians policymakers. Originality/value pioneer studies in management apply methodology.

Language: Английский

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