Montree SocatiyanurakKittichai SinghaKittichaiSingha2025-07-022025-07-022024https://repository.nida.ac.th/handle/123456789/7147Thesis (D.P.A.)--National Institute of Development Administration, 2024Central bank digital currencies (CBDC) are being globally considered, exhibiting diverse adoption objectives and challenges among countries. CBDC has the potential to improve competition, efficiency, and resilience in payment systems, while also addressing risks posed by privately issued digital currencies, including cryptocurrencies, that threaten monetary sovereignty and financial stability. The primary advantages encompass the promotion of financial digitization, the reduction of cash management expenses, and the enhancement of financial inclusion, particularly in underbanked areas. The implementation of CBDC improves the transmission of monetary policy by leveraging comprehensive payment data and tackling the zero lower bound issue through remunerability features, thereby facilitating effective fiscal measures such as “helicopter money”. Adoption of CBDC is contingent upon mitigating overuse risks that may threaten traditional financial intermediaries, as well as underuse risks stemming from issues related to identity verification, anonymity, and privacy. Inadequate adoption may impede scalability issues and restrict the benefits of programmability, interoperability, accessibility, and stability. Collaboration among central banks, financial institutions, payment service providers, and fintech entities is essential in order to design CBDC that is tailored to national contexts. This approach ensures balanced adoption while supporting innovation, financial stability, and policy objectives. The present study indicates that the remunerability factor has a mean of 3.774 and a standard deviation of 1.137, suggesting a strong intention to utilize the service. Perceivable usefulness such as programmability (mean = 3.776, SD = 1.062), traceability (mean = 3.837, SD = 0.961), and stability (mean = 4.153, SD = 0.988) indicates high intention levels; whereas perceived ease of use, namely interoperability (mean = 3.535, SD = 0.963), shows slightly lower yet significant results. Conversely, the factors associated with anonymity, such as non-disclosure of identity (mean = 2.740, SD = 1.270) and disclosure of identity (mean = 2.544, SD = 1.172), indicate moderate levels of intention. The intention to utilize the service under the supervision of the Bank of Thailand yields a mean of 3.988 and a standard deviation of 1.012. Further, the coefficient of determination (R² = 0.448) reveals that 44.8% of the variance in CBDC usage is accounted for by the examined factors, demonstrating a positive correlation whereby an increase in the independent variables corresponds to increasing CBDC adoption.240 leavesapplication/pdfengCentral bank digital currencyBitcoinsDiffusion of innovation theoryBitcointext::thesis::doctoral thesisPending