Collaborative Governance Approach among Public, Private, and Civil Society in Designing of Central Bank Digital Currency in Thailand

Authors

  • Oranart Wannapinyo Public Administration, National Institute of Development Administration

Keywords:

Digital Currency, Central Bank, Collaboration, Public Participation

Abstract

The objectives of this article are to (1) study the nature of collaboration among the government, private sector, and civil society in designing digital currencies issued by central banks; Using a case study from digital currencies issued by foreign central banks and (2) presenting the concept of collaboration among government agencies, private sector, and civil society in designing of digital currencies in Thailand.

Digital currency is a new issue that central banks around the world are interested in exploring and researching. While some foreign central banks, such as the Central Bank of China and the Central Bank of the Bahamas has launched their central bank digital currency by using the collaborative concept for designing of central bank digital currency as the country's infrastructure. This article outlines central bank digital currency design concepts collected from articles and various research both inside and outside the country, included studying from case studies of the central bank of China and the central bank of the Bahamas. The author found that case studies from both countries are focus on the concept of collaboration between various sectors in designing and developing digital currencies, which is used as guidelines for the concept of collaboration among the government, private sector, and civil society in designing digital currency in Thailand. By applying concept of new public management and public participation in designing Thailand's central bank digital currency to maximize benefit for Thailand.

References

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Published

2023-12-28

How to Cite

Wannapinyo, O. (2023). Collaborative Governance Approach among Public, Private, and Civil Society in Designing of Central Bank Digital Currency in Thailand. PAAT Journal, 5(10), 132–142. retrieved from https://so10.tci-thaijo.org/index.php/paatj/article/view/936

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Section

Academic Article