An Introduction to The Impact of India's Use of Central Bank Digital Currency on the International Financial System

Authors

  • Wenxuan Ma

DOI:

https://doi.org/10.54097/fbem.v7i1.4171

Keywords:

Central bank digital currencies, Indian digital currencies, digital currencies in developing countries, CBDC impact.

Abstract

In the course of global research and development of Central Bank Digital Currency (CBDC), researchers are increasingly aware of the importance of CBDC. India, one of the important economies in the world, has obtained many fruitful results in the research process of CBDC. This study draws on data and findings from previous studies by exploring the good policies and possible risks faced in the process of introducing CBDC in India. Based on the research data, it explores the impact of the introduction of CBDC in India on international monetary policy and the implications for other countries. The study shows that the introduction of CBDC may receive some hindrance due to the inadequate infrastructure and the difference in the quality of the population's education levelIn the course of global research and development of Central Bank Digital Currency (CBDC), researchers are increasingly aware of the importance of CBDC. India, one of the important economies in the world, has obtained many fruitful results in the research process of CBDC. This study draws on data and findings from previous studies by exploring the good policies and possible risks faced in the process of introducing CBDC in India. Based on the research data, it explores the impact of the introduction of CBDC in India on international monetary policy and the implications for other countries. The study shows that the introduction of CBDC may receive some hindrance due to the inadequate infrastructure and the difference in the quality of the population's education level.

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Published

03-01-2023

How to Cite

Ma, W. (2023). An Introduction to The Impact of India’s Use of Central Bank Digital Currency on the International Financial System. Frontiers in Business, Economics and Management, 7(1), 218–220. https://doi.org/10.54097/fbem.v7i1.4171

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