A Theory Of Credit Cards
Chakravorti and To construct a two-period model to study the interactions among consumers, merchants, and a card issuer. The model yields the following results. First, if the issuer's cost of funds is not too high...
Adoption and Usage
The Adoption and Usage topic covers the adoption and usage of financial products by consumers, businesses, and other participants in the financial system.
An Electronic Supply Chain: Will Payments Follow?
Businesses, both small and large, are adopting new technologies to automate and reduce the exchange of paper documents in their transaction flows. However, more than 80% of payments between businesses are still made with paper...
Analysis of Systemic Risk in Multilateral Net Settlement Systems
Chakravorti studies systemic risk in multilateral net settlement systems is investigated using a four-period model. The model focuses on the tradeoff between systemic risk and the cost of interbank transfers along with the importance of...
Assessing Incentives to Increase Digital Payment Acceptance and Usage: A Machine Learning Approach
Using random forest estimation, we identify 14 key predictors out of 190 variables with the largest predictive power for MSMR adoption and usage of digital payments. Using conditional inference trees, we study the importance of...
The Banking topic covers banking research.
Bob Chakravorti Co-Authors Visa Report on Small Business Recovery and Resilience During Covid
Bob participated on the Visa Economic Empowerment Institute study team that produced its first major study titled, Small Business in the Digital Age: Recommendations for Recovery and Resilience.
Bob Chakravorti Participated on an USAID Mission
Bob served as Payments Expert for an USAID mission as part of the Pragma team.
Bob Chakravorti, PhD
Sujit “Bob” Chakravorti is the Founder and CEO of Chakra Advisors LLC, an economic strategy consulting firm, that advises financial institutions and networks, technology firms, policymakers, multilateral institutions, think tanks, and FinTech startups.
Can Existing Payment Networks Meet Future Needs?
The proportion of retail, non-cash payments made electronically in the U.S. grew from 15% in 1979 to 40% in 2000. A recent Chicago Fed conference addressed the important question of whether today's payment networks can...
Chakra Advisors' Bob Chakravorti Presented at International Conference in New Delhi
Bob presented a paper on crypto tokens and discussed a finance paper at the World Finance and Banking Symposium in New Delhi, India in December 2019. The conference was attended by financial faculty and professionals...
Chakra Advisors’ Bob Chakravorti Taught Courses at Indian Banking Institute
Bob gave three lectures at the National Institute of Bank Management in Pune, India in December 2019. He taught students on cryptocurrency, the current state of FinTech, and micro, small and medium enterprise lending and...
Chakravorti Advises Alliance for Innovative Regulation on Crypto
Bob Chakravorti advising Alliance for Innovative Regulation on crypto issues
Chakravorti Appointed Chief Economist (consulting) at Ripple
Bob is appointed first Chief Economist (consulting) at Ripple to provide economic analysis.
Chakravorti Participates on CAREC High-Level Panel on COVID-19 Pandemic and Financial Inclusion
In his role as Chief Economist at Ripple, Bob Chakravorti participated on a high-level virtual panel to discuss the COVID-19 pandemic and financial inclusion sponsored by CAREC and Astana International Finance Center.
Chakravorti Presented Results from a Forthcoming World Bank Working Paper at the International Centre for Tax and Development
Bob presented preliminary findings from a forthcoming World Bank working paper to the DFS & Tax Working Group at the International Centre for Tax and Development.
Chakravorti Presents at FinanceCom 2022
Chakravorti gave the dinner keynote at FinanceCom 2022 at the University of Twente in Enschede, The Netherlands. His talk was titled, The Impact of FinTech and Big Tech Firms on the Way We Pay.
Chakravorti speaks at 2023 FinTech Conference at UCSC's Santa Clara Campus
Chakravorti Speaks at SF Fed, SFSU, and UCSC FinTech Conference for Second Straight Year.
Chakravorti Speaks at FinTech: Innovation, Inclusion, and Risks Conference at San Francisco State University
Bob Chakravorti speaks at CAFIN at UC Santa Cruz and Lam-Larsen FinTech Initiative at Lam Family College of Business, San Francisco State University joint conference on FinTech.
Chakravorti, Carbo, and Rodriguez Participated on Recently Published World Bank Study
Bob Chakravorti and Chakra Advisors' Global Advisory Board members, Santiago Carbo and Francisco Rodriguez were key contributors to the recently published World Bank study on Incentives for Electronic Payment Acceptance.
Chakra Advisors LLC provides consulting services to senior leaders on how technology will shape the financial services industry.
Consumer Choice and Merchant Acceptance of Payment Media
Bolt and Chakravorti study the ability of banks and merchants to influence the consumer's payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks - income, theft, and...
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The COVID-19 topic covers the impact on the financial system and the economy, more broadly, from the COVID-19 pandemic.
The Crypto Assets topic covers cryptocurrency, decentralized finance, and various types of digital tokens including non-fungible tokens.