An Evaluation of Central Bank Digital Currency

Year 2021, Volume: 6 Issue: 3, 271 - 276, 22.09.2021

Gürkan Bozma , Murat Akdağ

https://doi.org/10.23834/isrjournal.887073

Abstract

The gold standard, which was created as an alternative to fiat currencies, has been tried to be implemented by countries in different periods of history. With the development of technology, the use of cash has decreased and paved the way for innovations to emerge. One of the innovations in the field of payment systems is cryptocurrencies. Crypto coins; can be defined as digital currencies based on mathematical algorithms, that do not lose their value due to inflation and are not affiliated with central institutions such as the central bank. States had to come up with new strategies to prevent the flight of fiat money and adapt to technology in emergencies. One of these strategies has been the Central Bank Digital Currency (CBDC) and studies have been initiated to determine whether the CBDCs can replace traditional money. This study aims to make evaluations in the field of CBDC. As a result, although their research on CBDC continues, very few of them have started and are continuing pilot projects.

Keywords

Cryptocurrencies, Central Bank Digital Currency, Bitcoin

Merkez Bankası Dijital Parası Üzerine Bir Değerlendirme

Abstract

İtibari paralara alternatif olarak ortaya çıkartılan altın standardı, tarihin farklı dönemlerinde ülkeler tarafından uygulanmaya çalışılmıştır. Teknolojinin gelişmesi ile birlikte nakit para kullanımı azalmış ve inovasyonların ortaya çıkmasına zemin hazırlamıştır. Ödeme sistemleri alanında ortaya çıkarılan yeniliklerden birisi de kripto paralardır. Kripto paralar; temelinde matematiksel algoritmalar yatan, enflasyon nedeniyle değerini kaybetmeyen ve merkez bankası gibi merkezi kuruluşlara bağlı olmayan dijital paralar olarak tanımlanabilmektedir. Devletlerin, olağanüstü durumlarda itibari paralarından kaçışı engellemek ve teknolojiye adapte olmak için yeni stratejiler ortaya çıkarması gerekmiştir. Söz konusu stratejilerden birisi de Merkez Bankası Dijital Parası (MBDP) olmuş ve MBDP’lerin geleneksel paranın yerini alıp alamayacağı ile ilgili çalışmalar başlatılmıştır. Bu çalışmanın amacı MBDP alanında değerlendirmeler yapmaktadır. Sonuç olarak, MBDP hakkında araştırmalarına devam etmekle birlikte, çok azı pilot projelere başlamış ve devam etmektedir.

Keywords

Kripto Para, Merkez Bankası Dijital Parası, Bitcoin

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