Analyzing the Economic Implications of Central Bank Digital Currencies on Global Financial Stability

1. Introduction 1.1 Background and Motivation 1.2 Research Objectives 1.3 Structure of the Paper 2. Overview of Central Bank Digital Currencies 2.1 Definition and Characteristics 2.2 Types of CBDCs 2.3 Current Global Implementations 3. Economic Implications of CBDCs 3.1 Impact on Monetary Policy 3.2 Influence on Banking Sector 3.3 Effects on Payment Systems 4. Global Financial Stability Context 4.1 Definition of Financial Stability 4.2 Key Factors Affecting Stability 4.3 Historical Financial Crises 5. CBDCs and Financial Stability 5.1 Potential Risks of CBDCs 5.2 Advantages for Stability 5.3 Comparative Analysis with Cryptocurrencies 6. Case Studies 6.1 China's Digital Yuan 6.2 The Sand Dollar in Bahamas 6.3 European Central Bank's Digital Euro 7. Policy Considerations and Regulatory Framework 7.1 International Regulatory Approaches 7.2 Legal Challenges 7.3 Policy Recommendations 8. Conclusions and Future Research 8.1 Summary of Findings 8.2 Implications for Financial Systems 8.3 Directions for Future Research