Improving Inflation Management Effectiveness Under Central Bank Digital Currency Environment

Authors

  • Abidov Nodir Akramovich Master of the Asian University of Technology, Uzbekistan

DOI:

https://doi.org/10.55640/jme-06-02-04

Keywords:

Central Bank Digital Currency, Inflation Targeting, Monetary Policy

Abstract

The emergence of Central Bank Digital Currency (CBDC) represents a significant innovation in modern monetary systems, offering new tools and opportunities for central banks to enhance macroeconomic management. This study explores how CBDC can improve the effectiveness of inflation control by strengthening monetary policy transmission, enhancing data availability, and enabling more precise policy implementation. The paper analyzes theoretical foundations, global pilot experiences, and potential macroeconomic impacts of CBDC adoption on inflation dynamics. The findings suggest that CBDC can improve policy responsiveness, reduce time lags, and increase transparency, thereby strengthening central banks’ ability to maintain price stability. However, careful design and regulatory frameworks are essential to mitigate potential risks such as financial disintermediation and operational vulnerabilities.

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References

Bank for International Settlements. (2023). Annual Economic Report.

International Monetary Fund. (2023). Digital Money Strategy Report.

Adrian, T., & Mancini-Griffoli, T. (2019). The Rise of Digital Money. IMF FinTech Notes.

Auer, R., Cornelli, G., & Frost, J. (2020). Rise of Central Bank Digital Currencies. BIS Working Papers.

Barrdear, J., & Kumhof, M. (2016). The Macroeconomics of Central Bank Issued Digital Currencies. Bank of England.

Meaning, J., Dyson, B., Barker, J., & Clayton, E. (2018). Broadening Narrow Money. Bank of England.

Sveriges Riksbank. (2022). E-krona Pilot Report.

European Central Bank. (2023). Digital Euro Progress Report.

People’s Bank of China. (2021). Digital Yuan Research Report.

Kiff, J., et al. (2020). A Survey of Research on Retail CBDC. IMF Working Paper.

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Published

2026-02-28

How to Cite

Abidov Nodir Akramovich. (2026). Improving Inflation Management Effectiveness Under Central Bank Digital Currency Environment. Journal of Management and Economics, 6(02), 24–26. https://doi.org/10.55640/jme-06-02-04

Issue

Vol. 6 No. 02 (2026): Volume - VI Issue - II

Section

Management

License

Copyright (c) 2026 Abidov Nodir Akramovich

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Individual articles are published Open Access under the Creative Commons Licence: CC-BY 4.0.