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July 6, 2026Open Access

Financial Inclusion or Financial Risk? The Dual Impact of Central Bank Digital Currencies on Traditional Banking Systems: Evidence From China, Nigeria, and the Bahamas

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Authors

USUjjwal Singh

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Overview

This analysis examines the dual impact of CBDCs on banking systems in three countries, suggesting design choices can balance inclusion and stability.

Key Points

  • The aim is to evaluate the effects of CBDCs on financial inclusion and banking stability in selected countries.
  • Analyzed data from the IMF, BIS, World Bank, and individual central bank reports.
  • Studied three countries: the Bahamas, Nigeria, and China, each with an operational CBDC.
  • Evaluated CBDCs based on impact on financial inclusion, adoption rates, effects on banks, and design considerations.
  • All three CBDCs improved financial inclusion to some extent.
  • None of the CBDCs led to significant banking instability, as adoption was not widespread.
  • The findings suggest that strategic design choices can align goals of inclusion and stability.

Cite This Study

Ujjwal Singh (2026) studied this question.

synapsesocial.com/papers/6a4b45da997070ff83b5b6ddhttps://doi.org/10.5281/zenodo.21188238
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