The place of the central bank digital currency in the classification of types of money

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Abstract

In the light of the active development and implementation of the central bank digital currency by central banks of different countries, one of the most significant theoretical issues facing the scientific community is the question of finding a place for the central bank digital currency in the existing classification of types of money. The object of this study is the central bank digital currency. The subject of this study is the place of the central bank digital currency in the classification of types of money. The purpose of the study is to analyze the phenomenon of the central bank digital currency, its relationship to the category of money from the point of view of substantiating the possibilities of this currency performing a basic set of monetary functions, as well as finding its place in the classification of money types. In the course of the research, comparative and logical analysis, study, generalization and systematization of the research results of domestic and foreign specialists and scientists were used. The paper presents a generalization and systematization of the existing classifications of forms and types of money. Based on these classifications and the nature and essence of the central bank digital currency the thesis about it as a separate and independent form of money is put forward and substantiated in the work. The paper provides points of view confirming this thesis, presented both in the scientific community and among representatives of the largest financial institutions. The scientific value and novelty of this study lies in the generalization of the existing points of view in the scientific knowledge, substantiating the legitimacy of classifying central bank digital currency as "money" as a new and independent form, complementing the existing classification of money types.

About the authors

Ildar Ravilevich Iskhakov

Email: isilra22@mail.ru

References

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