Central Bank Digital Currencies

• Start date जून, 2020
• Completion date मई, 2021
• Sponsor Department of Economic Affairs, Ministry of Finance
• Project leader Sabyasachi Kar and the Macro-finance group
• Focus

  The paper identified foundational themes such as key design features for both wholesale and retail/general purpose central bank digital currencies (CBDCs), motivations for introducing CBDCs, practical implications for public policy objectives such as financial stability, monetary policy, cross border payments etc., and key legal and regulatory considerations germane to issuing a CBDC.  More importantly, the working paper identified the pros and cons of issuing a CBDC in the context of an emerging market economy like India.