<ul>
<li>As of now there are few actual CBDCs in place  China, Bahamas, Jamaica and Nigeria; other countries only have plans to implement them and are still conducting pilot experiments
(<a href="https://blog.chainalysis.com/reports/central-bank-digital-currencies-cbdc/" rel="nofollow noreferrer">https://blog.chainalysis.com/reports/central-bank-digital-currencies-cbdc/</a>).</li>
</ul>
<p>You can't statistically forecast something without any data, and maybe there's not enough available data yet.
I think this IMF call for papers (<a href="https://www.imf.org/en/News/Seminars/Conferences/2023/11/15/11th-imf-statistical-forum" rel="nofollow noreferrer">https://www.imf.org/en/News/Seminars/Conferences/2023/11/15/11th-imf-statistical-forum</a>) will probably contain many papers about what you're asking.</p>
<ul>
<li>CBDCs are being considered as replacement of current currencies and form of making digital payments (see <a href="https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html" rel="nofollow noreferrer">ECB</a>), so there won't be an exchange between regular paper currency and CBDC (at least not officially). It would be like having money on bank account. There will be exchange rate between other currencies but not between physical money and digital money of the same currency.</li>
</ul>

CC BY-SA 4.0
2023-03-28T00:52:22.780Z
2023-08-28T14:18:23.413Z
2023-08-28T14:18:23.413Z
1muflon1
<p>There are current working CBDCs in China, the Caribbean countries, and Nigeria.
<a href="https://medium.com/@shymaa.arafat/cbdcs-part1-1da3a944722c" rel="nofollow noreferrer">https://medium.com/@shymaa.arafat/cbdcs-part1-1da3a944722c</a></p>
<p>(You may check references 14, 23, 29, 30,... and 36)</p>
<p>I study CBDCs from Computer Science and Engineering perspective, so I can't claim I searched for such questions, but I once encounterd this paper that seems too economic for me (and describes CBDCs as subject to inflation and exchange rates variations)</p>
<p><a href="https://www.sciencedirect.com/science/article/pii/S027553192300096X" rel="nofollow noreferrer">https://www.sciencedirect.com/science/article/pii/S027553192300096X</a></p>
<p>This also could be related to your work more than mine
<a href="https://www.researchgate.net/publication/368969492_CBDC_uncertainty_Financial_market_implications" rel="nofollow noreferrer">https://www.researchgate.net/publication/368969492_CBDC_uncertainty_Financial_market_implications</a></p>
<p>&amp; this one with all the 7 links citing it, I think you can make a thesis in Economy with all those references</p>
<p><a href="https://www.sciencedirect.com/science/article/abs/pii/S0275531922002513#bib50" rel="nofollow noreferrer">https://www.sciencedirect.com/science/article/abs/pii/S0275531922002513#bib50</a></p>

CC BY-SA 4.0
2023-08-20T16:04:59.153Z
2023-08-28T15:05:28.593Z
2023-08-28T15:05:28.593Z
ShAr
<p>What do you think about the predictiion/forecasting the exchange rate of CBDCs?</p>
<p>(CBDC= CENTRAL BANK DIGITAL CURRENCY)</p>
<p>I cannot find any paper on this issue in the literature. But, there are some papers and studies on the forecasting methods for the exchange rate of cryptocurrencies.</p>
<p>I am asking the reasons why there is no study on the forecasting the exchange rates of CBDCs? What do you think? Does this issue make no sense?</p>
<p>My thought is that CBDCs are pegged to the value of that country's fiat currency.</p>

<macroeconomics><self-study><exchange-rates><cryptocurrency><cbdc>
Why there is no study on the forecasting methods for the exchange rates of CBDCs? What do you think?
studentp
# Why there is no study on the forecasting methods for the exchange rates of CBDCs? What do you think?

(Asked by: username_0 on 2023-03-28)

What do you think about the predictiion/forecasting the exchange rate of CBDCs?

(CBDC= CENTRAL BANK DIGITAL CURRENCY)

I cannot find any paper on this issue in the literature. But, there are some papers and studies on the forecasting methods for the exchange rate of cryptocurrencies.

I am asking the reasons why there is no study on the forecasting the exchange rates of CBDCs? What do you think? Does this issue make no sense?

My thought is that CBDCs are pegged to the value of that country's fiat currency.

**Tags:** macroeconomics, self-study, exchange-rates, cryptocurrency, cbdc

---

## 2 answers

### Answer by username_1 on 2023-03-28. Score: 1 | Accepted answer

* As of now there are few actual CBDCs in place China, Bahamas, Jamaica and Nigeria; other countries only have plans to implement them and are still conducting pilot experiments
  (<https://blog.chainalysis.com/reports/central-bank-digital-currencies-cbdc/>).

You can't statistically forecast something without any data, and maybe there's not enough available data yet.
I think this IMF call for papers (<https://www.imf.org/en/News/Seminars/Conferences/2023/11/15/11th-imf-statistical-forum>) will probably contain many papers about what you're asking.

* CBDCs are being considered as replacement of current currencies and form of making digital payments (see [ECB](https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html)), so there won't be an exchange between regular paper currency and CBDC (at least not officially). It would be like having money on bank account. There will be exchange rate between other currencies but not between physical money and digital money of the same currency.


---

### Answer by username_2 on 2023-08-20. Score: 0

There are current working CBDCs in China, the Caribbean countries, and Nigeria.
<https://medium.com/@shymaa.arafat/cbdcs-part1-1da3a944722c>

(You may check references 14, 23, 29, 30,... and 36)

I study CBDCs from Computer Science and Engineering perspective, so I can't claim I searched for such questions, but I once encounterd this paper that seems too economic for me (and describes CBDCs as subject to inflation and exchange rates variations)

<https://www.sciencedirect.com/science/article/pii/S027553192300096X>

This also could be related to your work more than mine
<https://www.researchgate.net/publication/368969492_CBDC_uncertainty_Financial_market_implications>

& this one with all the 7 links citing it, I think you can make a thesis in Economy with all those references

<https://www.sciencedirect.com/science/article/abs/pii/S0275531922002513#bib50>


---

