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Introduction:
Central bank digital currencies (CBDCs) have gained significant attention in recent years as a potential tool for central banks to modernize their monetary policies. With the rise of cryptocurrencies and the increasing shift towards digital payments, central banks around the world are exploring the possibility of issuing their own digital currencies. This thesis aims to examine the relationship between CBDCs and monetary policy, focusing on the potential implications for central banks and the broader economy.
Chapter one: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms
Chapter two: Literature Review
2.1 Overview of central bank digital currencies
2.2 Theoretical framework of monetary policy
2.3 Historical perspective on central bank interventions
2.4 Empirical evidence on the impact of monetary policy
2.5 Role of central banks in the digital age
2.6 Implications of CBDCs for monetary policy
2.7 Comparison of different CBDC models
2.8 Regulatory considerations for CBDCs
2.9 Challenges and opportunities of CBDCs
2.10 Future research directions
Chapter three: Research Methodology
3.1 Research design
3.2 Data collection methods
3.3 Sample selection
3.4 Data analysis techniques
3.5 Ethical considerations
3.6 Validity and reliability
3.7 Limitations of the research methodology
3.8 Research assumptions
Chapter four: Discussion of Findings
4.1 Overview of the research findings
4.2 Impact of CBDCs on monetary policy effectiveness
4.3 Central bank independence and CBDCs
4.4 Financial inclusion and CBDCs
4.5 Legal and regulatory challenges of CBDCs
4.6 International implications of CBDCs
4.7 Public perception of CBDCs
4.8 Policy recommendations
4.9 Future research directions
Chapter five: Conclusion and Summary
5.1 Summary of key findings
5.2 Conclusion
5.3 Contributions to the literature
5.4 Implications for central banks and policymakers
5.5 Recommendations for future research
Thesis Overview:
Central bank digital currencies (CBDCs) have emerged as a potential game-changer in the world of monetary policy. This thesis aims to explore the relationship between CBDCs and monetary policy, with a focus on the potential implications for central banks and the broader economy.
In the introduction, the background of the study, problem statement, objective of the study, limitation of the study, scope of the study, significance of the study, structure of the thesis, and definition of terms are discussed. The literature review provides an overview of CBDCs, the theoretical framework of monetary policy, historical perspectives on central bank interventions, and empirical evidence on the impact of monetary policy.
The research methodology chapter outlines the research design, data collection methods, sample selection, data analysis techniques, ethical considerations, and limitations of the research methodology. The discussion of findings chapter delves into the impact of CBDCs on monetary policy effectiveness, central bank independence, financial inclusion, legal and regulatory challenges, international implications, public perception, and offers policy recommendations.
In the conclusion and summary chapter, key findings are summarized, conclusions are drawn, contributions to the literature are discussed, implications for central banks and policymakers are highlighted, and recommendations for future research are provided. This thesis seeks to contribute to the ongoing discourse on CBDCs and their potential impact on monetary policy in the digital age.
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