MERKEZ BANKASI DİJİTAL PARASI VE PARA POLİTİKASINA YANSIMALARI

Son yıllarda özel sektör öncülüğünde ortaya çıkan ve yaygınlaşan dijital paralargeleneksel fiziki paranın yerini almaya başlamıştır. Bu gelişme karşısındamerkez bankaları kendi resmi dijital paralarını piyasaya sürmek için yoğunaraştırmalar ve değerlendirmeler yapmaktadır. Şüphesiz ki merkez bankalarıtarafından yaratılacak bir dijital paranın, başta merkez bankacılığı olmak üzereekonomide pek çok alanda etkisi olacaktır. Bu çalışmanın amacı, merkez bankasıdijital parasını tanıtmak ve piyasaya sürülecek olan merkez bankası dijitalparasının yaratacağı muhtemel etkileri ortaya koymaktır. Bu amaç doğrultusundaçalışmada betimleyici analiz yöntemi benimsenmiştir. Merkez bankası dijitalparasının faiz ödenmesi durumunda para politikası aracı olarak kullanılabileceğive para politikasının etkinliğini artırabileceği, ancak yaratacağı belirsizliklernedeniyle finansal istikrarı olumsuz etkileyebileceği düşünülmektedir.

CENTRAL BANK DIGITAL CURRENCY AND THE REFLECTIONS ON MONETARY POLICY

In recent years, digital money, which has emerged and became widespread under the leadership of private sector, has begun to replace physical money. In the result of this phenomenon, central banks are conducting intensive research and evaluations to launch their official digital currency. Undoubtedly, a digital currency to be created by central banks will have an impact on many areas of the economy, particularly central banking. The aim of this study is to introduce central bank digital currency and to reveal the possible effects of a central bank digital currency. For this purpose, descriptive analysis method has been adopted in the study. It is thought that the central bank digital money can be used as a monetary policy tool in case of interest payment and may increase the effectiveness of monetary policy. But, it may adversely affect financial stability due to the uncertainties which it will create.

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