Document Type
Article
Abstract
The emergence of stablecoins is a growing concern for authorities worldwide including Indonesia as it could affect financial stability. Thus, if a central bank chooses to develop a central bank digital currency (CBDC) to tackle this problem, the design should conform to the country’s characteristics and consumer needs. This study draws on experts’ opinions from various economic agents and utilises an amalgamation of the analytic network process (ANP) and the Delphi method to show that the cash-like CBDC model is the most appropriate digital currency design for Indonesia, since it could enhance financial inclusion and reduce shadow banking in Indonesia.
Recommended Citation
Zams, Bastian Muzbar; Indrastuti, Ratih; Pangersa, Akhmad Ginulur; Hasniawati, Nur Annisa; Zahra, Fatimah Az; and Fauziah, Indah Ayu
(2020)
"DESIGNING CENTRAL BANK DIGITAL CURRENCY FOR INDONESIA: THE DELPHI–ANALYTIC NETWORK PROCESS,"
Bulletin of Monetary Economics and Banking: Vol. 23:
No.
3, Article 3.
DOI: https://doi.org/10.21098/bemp.v23i3.1351
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol23/iss3/3
First Page
413
Last Page
440
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Indonesia
Affiliation
Bank Indonesia