Monetary Policy Implications of Central Bank Digital Currency with Special Reference to India

Authors

  • Debesh Bhowmik Lincoln University College, Malaysia

DOI:

https://doi.org/10.46977/apjmt.2022v02i03.001

Keywords:

Central Bank Digital Currency, Monetary Policy, Interest-Bearing, Non-Interest Bearing, Zero Lower Bound, Financial Crisis

Abstract

All over the world, the pilot projects to introduce central bank digital currency have been running with the initiative of Bank for International Settlement. India is one of them to issue CBDC very soon after passing the law. The merits of CBDC, the digital payment situation in India as well as banking literacy are the prime issues of this paper in discussing the several analytical frameworks of central bank digital currency monetary policy avenues as developed by several economists who are involved in the research of CBDC issuances, designs and applications some of which positive impacts are still unexplored.

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References

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Published

2021-01-01

How to Cite

Debesh Bhowmik. (2021). Monetary Policy Implications of Central Bank Digital Currency with Special Reference to India. Asia-Pacific Journal of Management and Technology (AJMT), 2(3), 1-8. https://doi.org/10.46977/apjmt.2022v02i03.001