Central Bank Digital Currencies (CBDC) as Catalysts for Financial Inclusion and Economic Expansion in Emerging Asian Economies
- Title
- Central Bank Digital Currencies (CBDC) as Catalysts for Financial Inclusion and Economic Expansion in Emerging Asian Economies
- Creator
- Chopra, Akarshi; Dhaundiyal, Pankaj; Kataria, Abhinav
- Description
- This chapter examines the potential of Central Bank Digital Currencies (CBDCs) to enhance financial inclusion and economic growth in emerging economies. Unlike decentralized cryptocurrencies, CBDCs are government- backed digital currencies that offer secure and regulated alternatives to traditional money. The chapter explores how CBDCs can improve access to financial services, reduce transaction costs, and promote financial stability, particularly in countries with limited banking infrastructure. It also discusses the challenges and risks associated with CBDCs, such as financial stability concerns and the displacement of commercial banks. Through case studies from China and India, the chapter highlights how well- designed CBDCs can act as a catalyst for inclusive economic development, while emphasising the need for robust regulatory frameworks for successful implementation. 2026 by IGI Global Scientific Publishing. All rights reserved.
- Source
- Monetary Dynamics and Socio-Economic Development in Emerging Economies;pp.81-115
- Date
- 01-01-2025
- Publisher
- IGI Global
- Coverage
- Chopra A., Christ University, India; Dhaundiyal P., Christ University, India; Kataria A., Christ University, India
- Rights
- Restricted Access; Hardcopy may be available in the library
- Relation
- ISBN: 979-836939767-1; 979-836939765-7;
- Format
- online
- Language
- English
- Type
- Book chapter
Collection
Citation
Chopra, Akarshi; Dhaundiyal, Pankaj; Kataria, Abhinav, “Central Bank Digital Currencies (CBDC) as Catalysts for Financial Inclusion and Economic Expansion in Emerging Asian Economies,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/25160.