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In accordance with this mechanism, the central bank implements dynamic issuance by monitoring cash leakage in real-time, so as to maintain the stability of the amount of money circulating on the market, thereby boosting the currency turnover rate and financial vitality. To demonstrate the efficacy of the DIM, we employ the Agent-Based Modeling (ABM) tool to develop a macroeconomic simulation model for qualitative analysis that includes four entities: Central Bank, households, firms, and commercial banks. The multi-cycle operation process of the model includes a variety of economic indicators demonstrating that DIM has the potential to boost economic vitality and social production efficiency without exerting an adverse effect on citizens\u2019 incomes, commodity prices, or the stability of the macroeconomic system. Finally, the function principle and potential risks of DIM are explained from a systems perspective, which offers a novel perspective for the functional design of CBDC and highlights that the hierarchical structure is a meaningful domain as the developmental direction.<\/jats:p>","DOI":"10.3233\/jifs-221244","type":"journal-article","created":{"date-parts":[[2023,6,6]],"date-time":"2023-06-06T13:42:38Z","timestamp":1686058958000},"page":"9053-9067","source":"Crossref","is-referenced-by-count":0,"title":["A study on the Dynamic Issuance Mechanism based on Central Bank Digital Currency1"],"prefix":"10.1177","volume":"45","author":[{"given":"Aobo","family":"Lyu","sequence":"first","affiliation":[{"name":"McKelvey School of Engineering, Washington University in St. Louis, USA"}]},{"given":"Jingjing","family":"Jiang","sequence":"additional","affiliation":[{"name":"Management College, Beijing Union University, China"}]},{"given":"Liang","family":"Zhou","sequence":"additional","affiliation":[{"name":"School of Public Administration, Sichuan University, China"}]}],"member":"179","reference":[{"key":"10.3233\/JIFS-221244_ref1","first-page":"159","article-title":"Bitcoin: An innovative alternative digital currency","volume":"4","author":"Grinberg","year":"2012","journal-title":"Hastings Sci & Tech LJ"},{"key":"10.3233\/JIFS-221244_ref2","unstructured":"Barontini Christian and Holden Henry , Proceeding with Caution \u2013 A Survey on Central Bank Digital Currency (January 8, 2019) BIS Paper No. 101, Available at SSRN: https:\/\/ssrn.com\/abstract=3331590"},{"key":"10.3233\/JIFS-221244_ref3","unstructured":"Grym A. , Heikkinen P. , Kauko K. and Takala K. , Central bank digital currency, (2017)."},{"key":"10.3233\/JIFS-221244_ref4","unstructured":"Boar C. , Holden H. and Wadsworth A. , Impending arrival\u2013 a sequel to the survey on central bank digital currency, BIS paper. 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