COVID-19 PANDEMIC AND CENTRAL BANK DIGITAL CURRENCY AS THE FUTURE OF MONEY

Year 2020, Volume: 3 Issue: 1, 1 - 9, 30.06.2020

Çiğdem Yılmaz Özsoy

https://doi.org/10.46737/emid.725549

Cited By: 1

Abstract

Coronavirus disease, which was first detected in Wuhan, has spread globally, causing coronavirus pandemic in 2019-2020. Coronavirus disease has caused concerns about viral transmission through cash, reducing the use of banknotes and coins and causing changes in the way of people’s payment system. This brought the introduction of the “Central Bank Digital Currency” as a new digital payment system, which is thought to be resistant to a wide range of threats. This article provides a comprehensive overview of Finance and Investment readers about the Central Bank Digital Currencies (CBDC). The interest in Central Bank Digital Currencies’ arises from the developments that started with the 2008 crisis, such as the emergence of cryptocurrencies and the rise of digital transactions and reduced cash use. Some large Central Banks are actively investigating the introduction of sovereign digital currencies. In this study, how the Central Bank Digital Currency can transform all aspects of the monetary system and facilitate the systematic and transparent execution of monetary policy is examined through the examples of E-Peso and E-Krona.

Keywords

COVID-19, Central Bank, Digital Currency, E-Peso, E-Krona

COVID-19 PANDEMİSİ VE GELECEĞİN PARA BİRİMİ OLARAK MERKEZ BANKASI DİJİTAL PARA BİRİMİ

Abstract

Çin'in Hubei eyaletinin başkenti Wuhan'da Aralık 2019'da tespit edilen ve küresel olarak yayılarak 2019-2020 koronavirüs pandemisine neden olan Coronavirus hastalığı 2019 (COVID-19) nakit yoluyla viral bulaşma konusunda endişelere yol açarak, banknot ve madeni para kullanımını azaltmış ve insanların ödeme yapma şekillerinde değişikliklere neden olmuştur. Bu durum, çok çeşitli tehditlere karşı dirençli olması gerektiği düşünülen yeni bir dijital ödeme sistemi olarak “Merkez Bankası Dijital Para Biriminin” devreye sokulmasını gündeme getirmiştir. Bu makale, Merkez Bankası Dijital Para Birimleri (CBDC) hakkında Finans ve Yatırım okuyucularına kapsamlı bir genel bakış sunmaktadır. CBDC’lere olan ilgi kripto para birimlerinin ortaya çıkışı ve dijital işlemlerin yükselişi, nakit para kullanımının azalması gibi 2008 krizi ile başlayan gelişmelerden kaynaklanır. Bazı büyük Merkez Bankaları, egemen dijital para birimlerinin kullanılmaya başlanmasını aktif olarak araştırmaktadır. Bu çalışmada, Merkez Bankası Dijital Para Biriminin para sisteminin tüm yönlerini nasıl dönüştürebileceğini ve para politikasının sistematik ve şeffaf yürütülmesini nasıl kolaylaştırabileceği E-Peso ve E-Krona örnekleri üzerinden incelenmiştir.

Keywords

Merkez Bankası, COVID-19, Dijital Para, E-Peso, E-Krona

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