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Central bank digital currency challenges: The case of Greece
Journal of Payments Strategy & Systems,
17
(1),
36-45
(2023)
Abstract
As a result of demand for faster, less expensive payments and profound transformation within the payments system, central banks and nonbank entities are vying for a greater role in facilitating payments. In this respect, there is clear evidence that central bank digital currency will play a crucial role. This paper examines select characteristics of central bank digital currency through the lens of the Greek experience.
Keywords: central banking; cross-border payments; digital payments; financial inclusion; FinTech; offline payments; security
The full article is available to subscribers to the journal.
Author's Biography
Veni Arakelian is an industry associate at the UCL Centre for Blockchain Technologies, and a senior economist at Piraeus Bank. She is an academic expert in macrofinance and financial econometrics, with more than 15 years of experience in research, teaching and working for the banking sector. She holds a bachelor’s degree in mathematics from the National and Kapodistrian University of Athens and a PhD in financial econometrics from the Athens University of Business Administration. Her research interests are systemic risk, macroeconomic uncertainty, and the implications of both for asset pricing and portfolio allocation. She is also interested in the effects of technological innovation on financial intermediation.
