An Exploratory study on the introduction of CBDCs (Central Banking Digital
Currencies) by most central banks in the world. Are these a safer alternative
and if so how and if so how and why? How are these new developments
shaping monetary systems and cross Border payments?

Arjun Sethi

doi:10.46609/IJSSER.2026.v11i07.033

Title: An Exploratory study on the introduction of CBDCs (Central Banking Digital Currencies) by most central banks in the world. Are these a safer alternative and if so how and if so how and why? How are these new developments shaping monetary systems and cross Border payments?
Authors: Arjun Sethi
Journal: International Journal of Social Science and Economic Research (IJSSER) ISSN: 2455-8834 Volume: 11 Issue: 7 Publication Date: July 2026 DOI: 10.46609/IJSSER.2026.v11i07.033
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Arjun Sethi Prosper High School, Texas
MLA 8 Sethi, Arjun. "An Exploratory study on the introduction of CBDCs (Central Banking Digital Currencies) by most central banks in the world. Are these a safer alternative and if so how and if so how and why? How are these new developments shaping monetary systems and cross Border payments?" Int. j. of Social Science and Economic Research, vol. 11, no. 7, July 2026, pp. 3365-3378, doi.org/10.46609/IJSSER.2026.v11i07.033. Accessed July 2026. APA 6 Sethi, A. (2026, July). An Exploratory study on the introduction of CBDCs (Central Banking Digital Currencies) by most central banks in the world. Are these a safer alternative and if so how and if so how and why? How are these new developments shaping monetary systems and cross Border payments? Int. j. of Social Science and Economic Research, 11(7), 3365-3378. Retrieved from https://doi.org/10.46609/IJSSER.2026.v11i07.033 Chicago Sethi, Arjun. "An Exploratory study on the introduction of CBDCs (Central Banking Digital Currencies) by most central banks in the world. Are these a safer alternative and if so how and if so how and why? How are these new developments shaping monetary systems and cross Border payments?" Int. j. of Social Science and Economic Research 11, no. 7 (July 2026), 3365-3378. Accessed July, 2026. https://doi.org/10.46609/IJSSER.2026.v11i07.033.
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ABSTRACT: Central Bank Digital Currencies are being explored by central banks to be introduced in the economy. These would help in assisting the monetary policy of a central bank. The transmission of policy measures and the final target would be easier to achieve in an economy which is working on the CBDC framework. But the whole idea of functions of money would be mitigated if individuals are not given the option of holding cash. There have been real life instances where the economy that has been functioning without cash and with CBDCs have come to a standstill due to the government’s policy. A hybrid situation where both CBDCs and cash are in existence would be an ideal one. The extent of cash in such economies could be monitored and restricted from evading taxes and being hoarded but at the same time giving flexibility to the holder in terms of choice.

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