Decoding Scholarly Trends in CBDC and Financial Development

Abstract

Central Bank Digital Currencies (CBDCs) are on the rise as major financial innovations, making use of technologies such as Distributed Ledger Technology (DLT) to transform monetary systems. India, under the Reserve Bank of India (RBI), is working on a number of CBDC projects to evaluate their feasibility, although a conclusive position on their adoption remains to be formulated. In this chapter, an organized summary of current literature covering CBDCs and their capacity to advance economic development has been presented. To address the prominence of individual pieces of research tending to end up with fragmentary insights, a bibliometric analysis was designed to present innovative findings regarding undeveloped realms.