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To defend their turf — and prevent extreme decoupling — central banks are keen on designing their own network of digital payments by officially is

Maximising the effectiveness of fulfilling the essential functions of fiat money should be the primary objective of CBDC.

Inflation is proving hard to tame as central banks lose sight of their primary role of inflation-targeting

Most central banks across the globe are today seized with the idea of cryptocurrency, with countries like Sweden and China already embarking on their pilot projects. This paper argues that most of the proposed architectures for a Central Bank Digital Currency (CBDC) are not designed to mimic the paper currency in its digital form. It proposes an architecture that largely retains all the properties of a paper currency, with only one limitation—i

Emerging economies are fighting COVID-19 and the economic sudden stop imposed by the containment and lockdown policies, in the same way as advanced ec

Through initiatives like Project Meridian, central banks could move towards more efficient, secure, and accessible financial systems that benefit indi

Stability of banks has been RBI’s sole focus for the past 70 years, an idea the central bank has nurtured since its nationalisation in 1948.

India has planned several oil and gas development projects, and pipeline projects in Iran. It is believed that the proposed investment for these proje

The legacy cross-border payment infrastructure is replete with issues of high costs, limited access, low speed, and opaque structures, which have limited the potential of cross-border payments to enhance international trade and foster economic growth in emerging economies. The increased demand for transparent, accessible, faster and cheaper solutions in the financial sector has pushed the private and public sectors to accelerate investments in in

Several challenges and threats may hinder achieving two percent growth for the world economy. For instance, the plans of IMF and Central Bank to raise the interest rate are likely to result in wiping out efforts to achieve the target. Also the investment is witnessing lower volatility.

Central Bank Digital Currencies need a unified global approach given the fracturing of geopolitics into contesting silos

The data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial banks, creating a theoretical framewor

Even as the coronavirus pandemic strains European solidarity, its ideas on social protection experience a fillip — but this time on the other side o

The digital euro can revolutionise digital payments but its future remains uncertain as it grapples with widespread political scepticism about its pur

With plans of launching the digital euro project, the Eurozone aims at producing “a riskless, accessible and efficient form of central bank money”

The emergence of private digital currencies poses a potential challenge to central banks’ control, introducing new dynamics and possibilities that c

India’s G20 Presidency has identified the mandate for the Finance Ministers and Central Bank Governors (FMCBG) as thus: “capacity building of the ecosystem for financing sustainable development.” The aim is to scale up efforts in mobilising large pools of global capital for sustainable projects, particularly in emerging and developing economies. Under the aegis of the Sustainable Finance Working Group (SFWG), the G20 proposes the developmen

The G20 is well-positioned to create frameworks for just transition that can provide common definitions, understanding and principles to aid internati

Conflicts between central banks and governments are embedded in the evolving discourse of every democracy. The recent discord between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) is neither the first nor likely to be the last. Institutionally, once a disagreement between the RBI and the MoF crosses the Rubicon, the government has the power to overrule the central bank’s decisions. Moreover, such a structure is not restricte

Since the Ukraine war, Russia’s economy has developed resilience against sanctions. However, the escalating military expenditure, while boosting sho

Russia's troubles are unlikely to vanish soon. With the Central Bank forecasting a 4.5 per cent drop in GDP in 2015, a downgrade is a certainty. The budget deficit, forecast to be larger than 0.6 per cent of GDP in 2015, will prove to be another cause of misery.

In a surprising statement, the military spokesman of Sri Lanka Keheliya Rambukwella claimed that Al Qaeda and those involved in the bombing of Marriot Hotel in Islamabad were trained by LTTE. The technique was similar to the one used by the Tamil group way back in 1996 when a truck loaded with a bomb exploded near Colombo's Central Bank killing 91 people.

The UK is attempting to outline their regulatory strategies for the broader crypto industry with a specific focus on stablecoins. This could serve as

The fall in the value of the dollar would be worrying the central bankers in China because the value of their reserves also declines simultaneously. The promotion of the SDR agenda by the Chinese is certainly no coincidence given the position of the dollar today.

Russia is now the world’s most heavily sanctioned country, with unprecedented punitive action targeting its energy exports, central bank, and other sectors. Given Russia’s economic resilience amid such economic restrictions and India’s dependence on Russia for its defence and energy requirements, this issue brief highlights the economic rationale for New Delhi to maintain existing trade ties with Moscow despite continued geopolitical pressu

After the end of the Cold War, we did not realise that two different and contrasting ambitions were at stake: the transnational purpose of the Western

Climate change is one of the most significant challenges defining the 21st century, and ways to deal with it occupy an important space in current policymaking discourse. Central banks in different parts of the world have recently started playing a part in articulating strategies to combat climate change. This brief explores the position of the Reserve Bank of India (RBI) in this regard. It outlines the physical and transition risks associated wit

The EU has had much less gender discrimination and the gender equality index in the member countries is much better than in Asian countries, especiall

Sustainable finance emerged as a key issue to tackle climate change at the 2021 United Nations Climate Change Conference and is spurring a global transition to net zero. A peculiar feature of the race to net zero is that it cannot be achieved unless all countries can meet their targets, and any positive step towards it will benefit all countries. The drive to achieve carbon neutrality and net-zero emissions needs to be targeted through a range of

डिजिटल युरो डिजिटल पेमेंटमध्ये क्रांती घडवू शकतो परंतु �

डिजिटल रूबल जसजसे अधिक सुलभ होत जाईल, तसतसे ते आर्थिक व्यवहारांमध्ये क्रांती घडवून आणण्याचे आणि रशियाच्या आर्थिक परिदृश्याला पुन्हा आकार देण्याचे मोठे कार्य करणार आहे.

विशिष्ट हेतू साठी डिजिटल पैशांचा संभाव्य अनुप्रयोग खरोखरच कसले प्रतिनिधित्व करते हे जाणण्यासाठी आधी प्रोग्रामेबिलिटी जाणणे महत्वाचे आहे.

चलनवाढीवर लक्ष केंद्रित करण्याच्या जबाबदारीचा केंद्रीय बँकांना विसर पडत चालला आहे असे दिसून आले आहे. याच पार्श्वभूमीवर, दिवसेंदिवस महागाई आटोक्यात आणणे कठीण होत चालले �

युक्रेन युद्धापासून, रशियाच्या अर्थव्यवस्थेत निर्बंधा�

सीबीडीसी द्वारे संकलित केलेला डेटा व्यापारी बँकांसाठी �

युनायटेड किंगडम स्टेबलकॉइन्सवर विशिष्ट लक्ष केंद्रित क