Increasing Coherence Between Disclosure Standards And Frameworks On Biodiversity In G20 Countries
Dr. Theresa Spandel, Max Tetteroo, Dr. Sofia Helena, Yunwen Bai, Yuqing Cheng, Xinyuan Yin, Vanessa de Souza, Juliana Lopes Policy Brief
Digital Currencies In The Developing World: Coordinating And Sandboxing Cbdcs
This policy brief delves into Central Bank Digital Currencies (CBDCs) in developing nations, examining economic, regulatory, and political dimensions. With countries like China and Brazil launching digital currencies, CBDCs hold the potential to boost financial inclusion and lower transaction costs but also pose policy challenges. Our analysis considers macroeconomic impacts, including risks to monetary sovereignty and the potential path for the adoption of foreign CBDCs. Regulatory scrutiny focuses on traceability and fundamental rights. Recommendations suggest adopting multilateral governance for strong coordination between CBDC issuers and adopters, as well as a sandbox approach to foster innovation and help prevent widespread risk to the financial system. Lastly, this paper suggests possible scenarios for the widespread adoption of CBDCs, looking to mitigate the associated risks with this technology.
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