Abstract
As digital currencies gain prominence in everyday life, policymakers in the United States at the federal, state, and local levels debate the potential for innovation, surveillance, global relations, and a plethora of areas that concern citizens. While existing literature highlights the opportunities and pitfalls within this new digital age, including inclusivity and challenges to traditional banking, this study aims to contribute a quantitative approach to the discussion utilizing Federal Reserve data, studies from financial institutions, and various credible resources that hold a stake. Specifically, comparing novel Central Bank Digital Currency (CBDCs) and Decentralized Financial Currencies (DeFi) will provide a foundation for understanding future economic impacts. These economic determinations will be compared with the future trends of foreign markets, consulting evolving "flat earth economics" and growing rivalry between the G7 (Group of 7) and BRICS nations (Brazil, Russia, India, China, and South Africa).
Recommended Citation
Sobhy, Andrew Michael and Wang, Shuai.
"CBDCs vs Decentralized Currencies: Considerations for 21st Century Global Financial Challenges."
The Downtown Review: An Interdisciplinary Journal Written and Peer-Reviewed by Mandel Honors College Students at Cleveland State University.
Vol. 12.
Iss.
1
(2026)
.
Available at:
https://engagedscholarship.csuohio.edu/tdr/vol12/iss1/3
Included in
Banking and Finance Law Commons, Economic Theory Commons, Finance Commons, Global Studies Commons, International Business Commons, Macroeconomics Commons, Other International and Area Studies Commons
