China's transition to a digital currency does it threaten dollarization?

نویسندگان

چکیده

This article provides a detailed introduction to China's launching of digital currency. We conduct comparative analysis concerning whether currency is more stable and reliable than cryptocurrency investigate renminbi (or yuan) could replace the US dollar as medium exchange in international transactions. China has gained first-mover advantage by rolling out central bank (CBDC). But outcome will depend on response well future evolution Chinese economies. Most other articles this topic focus domestic use CBDC. study unique analyzing prospects replacement for commerce.

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ژورنال

عنوان ژورنال: Asia and the global economy

سال: 2022

ISSN: ['2667-1115']

DOI: https://doi.org/10.1016/j.aglobe.2021.100023