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AI आणि सेंट्रल बँक्स : कल्पकता आणि विवेकाचा मिलाफ
Aug 30, 2024

AI आणि सेंट्रल बँक्स : कल्पकता आणि विवेकाचा मिलाफ

सेंट्रल बँक्स आपल्या कामकाजात सुधारणा करण्याची ‘एआय’ची

AI and central banks: Merging innovation with prudence
Aug 16, 2024

AI and central banks: Merging innovation with prudence

Central banks are cautiously integrating AI, recognising its potential to enhance their functions while being mindful of the risks involved

सीबीडीसी: डिजिटल युगात महागाई नियंत्रण?
Oct 26, 2023

सीबीडीसी: डिजिटल युगात महागाई नियंत्रण?

सीबीडीसी द्वारे संकलित केलेला डेटा व्यापारी बँकांसाठी �

CBDCs: Inflation control in the digital era?
Oct 16, 2023

CBDCs: Inflation control in the digital era?

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

Central banks: Perils of losing focus
Aug 18, 2023

Central banks: Perils of losing focus

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

Digital tug of war: The battle for monetary control
Jul 17, 2023

Digital tug of war: The battle for monetary control

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

Testing decentralisation: Experiments in settlement using Central Bank money
Jun 01, 2023

Testing decentralisation: Experiments in settlement using Central Bank money

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

Integrating the social dimension in climate transition under G20’s Sustainable Finance Working Group
Oct 18, 2022

Integrating the social dimension in climate transition under G20’s Sustainable Finance Working Group

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

Central Bank Digital Currency (CBDC) and its economic implications
Jan 19, 2021

Central Bank Digital Currency (CBDC) and its economic implications

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

Credible emerging market central banks could embrace quantitative easing to fight COVID19
Jul 09, 2020

Credible emerging market central banks could embrace quantitative easing to fight COVID19

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

A Proposed Architecture for a Central Bank Digital Currency for India
Dec 16, 2021

A Proposed Architecture for a Central Bank Digital Currency for India

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

RBI versus the government: Independence and accountability in a democracy
Dec 07, 2018

RBI versus the government: Independence and accountability in a democracy

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

The role of monetary policy in climate change mitigation
May 24, 2023

The role of monetary policy in climate change mitigation

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 Use of AI in Arresting Financial Crime
Aug 19, 2024

The Use of AI in Arresting Financial Crime

Artificial Intelligence (AI) is emerging as a promising solution to the challenges of inefficiency and high compliance costs in the fight against money laundering. This brief examines the capabilities, benefits, and challenges of AI in the context of detecting and preventing financial crime. The brief explores the ways in which AI can aid anti-money laundering efforts, particularly by reducing compliance costs and enhancing efficiency. The findin

लक्ष्य गमावत चाललेल्या केंद्रीय बँका
Oct 26, 2023

लक्ष्य गमावत चाललेल्या केंद्रीय बँका

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