Essay: 800 – 1000 words Analyze two countries that have implemented or are actively testing/piloting a central bank digital currency (CBDC). Pick any two countries except for The Bahamas. Share some context/background about each country’s economy prior to adopting the CBDC. Why did each country decide to adopt the digital currency? What has each country’s experience been like overall? What are the notable similarities and differences? What is the impact of each country’s CBDC on their local businesses and citizens? What are each country’s considerations in establishing financial/accounting controls for their CBDC? What overall assumptions have you made about each country’s experience? What questions are you interested in asking each country that could help our country in planning for a CBDC? What is your recommendation to the U.S. Department of Treasury on whether our country should adopt a CBDC? Why? Provide any interesting quantitative data, tables, and graphs to help illustrate the experiences of each country. Cite all references and research sources used.
