CBDC(Central Bank of Digital Currency)의 국경간 결제에 대한 연구

Purpose : Due to the deepening digitization, each country is conducting research and experiments on central bank digital currency (CBDC) due to a decrease in cash use and the issuance of stable coins in the private sector. This paper attempts to derive implications for the case where CBDC is applied to cross-border payments. Research design, data, methodology : First, we will look at the overall overview of CBDC and the CBDC response policies of major countries. CBDC analyzes the trends of studies on this because it affects macroeconomics such as financial stability and monetary policy. After that, we intend to derive implications when applied to cross-border payments. Results : CBDC can be constructed in various ways according to user standards, implementation methods, operation methods, distribution and retention types. Countries with insufficient establishment of financial institutions or low cash utilization are actively issuing CBDCs. Major countries except China continue to study CBDC, but they are cautious in publishing it. Conclusions : Even if it takes time to issue CBDC, it is expected to issue CBDC. At this time, when CBDC is used for payments between countries, the interoperability problem should be solved. CBDC is closely connected to the property rights of the people, so not only financial institutions but also national consensus must be reached. In addition, considering the case where the international monetary system is built on the basis of CBDC, it should be able to operate efficiently through risk management.