Assessing the impact of central bank digital currency (CBDC) adoption on the transition towards a knowledge-based economy: a meta-analysis

Abstract

This comprehensive meta-analysis studies the impact of aligning central bank digital currency (CBDC) choices with Algeria's 2022 Action Plan on the country's transition to a knowledge-based economy. It studies seven different CBDC adoption scenarios and their alignment with the objectives of economic diversification, governance improvement, social development and environmental sustainability.
The results highlight the importance of choosing the right CBDC characteristics, such as centralisation, technology platform, access and distribution, to meet Algeria's unique development goals. The findings underscore the critical role of CBDCs in Algeria's transition to a knowledge-based economy, and highlight the importance of careful planning and informed decision-making when adopting CBDCs.