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India’s CBDC for digital public infrastructure

Author

Listed:
  • Sandhu, Kamaljeet
  • Dayanandan, Ajit
  • Kuntluru, Sudershan

Abstract

The present study examines factors influencing the adoption of Central Bank Digital Currency (CBDC) in India. Based on the survey of prospective users, we find that significant factors influencing the acceptance of CBDC are trust, transparency, security, and customer support.

Suggested Citation

  • Sandhu, Kamaljeet & Dayanandan, Ajit & Kuntluru, Sudershan, 2023. "India’s CBDC for digital public infrastructure," Economics Letters, Elsevier, vol. 231(C).
    • Handle: RePEc:eee:ecolet:v:231:y:2023:i:c:s0165176523003270
    DOI: 10.1016/j.econlet.2023.111302
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    References listed on IDEAS

    as
    1. Todd Keister & Daniel Sanches, 2023. "Should Central Banks Issue Digital Currency?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(1), pages 404-431.
    2. Gupta, Somya & Pandey, Dharen Kumar & El Ammari, Anis & Sahu, Ganesh P., 2023. "Do perceived risks and benefits impact trust and willingness to adopt CBDCs?," Research in International Business and Finance, Elsevier, vol. 66(C).
    3. Cyril Monnet & Hyun Song Shin & Jon Frost & Leonardo Gambacorta & Raphael Auer & Tara Rice, 2022. "Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 697-721, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Central bank digital currency (CBDC); Transparency; Trust; Security; Customer support; Crypto currency;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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