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

1. Introduction 1.1 Background and Context 1.2 Research Objectives 1.3 Structure of the Study 2. Central Bank Digital Currencies 2.1 Definition and Characteristics 2.2 Types of CBDCs 2.3 Current Implementations 3. Global Financial Stability 3.1 Definition and Importance 3.2 Historical Perspective 3.3 Key Indicators 4. Interaction between CBDCs and Stability 4.1 Transmission Channels 4.2 Potential Risks 4.3 Potential Benefits 5. Monetary Policy Implications 5.1 CBDCs and Interest Rates 5.2 Impact on Money Supply 5.3 Policy Transmission Mechanisms 6. Cross-Border Payments 6.1 Current Challenges 6.2 Role of CBDCs 6.3 International Cooperation 7. Regulatory Considerations 7.1 Legal Frameworks 7.2 Privacy and Security Issues 7.3 Policy Recommendations 8. Conclusions and Future Research 8.1 Summary of Findings 8.2 Implications for Policymakers 8.3 Areas for Further Investigation