In this working paper, Bachman, Chakravorti, Rane, and Thyagarajan propose an incentive mechanism to remove CO2 from the atmosphere using direct air carbon capture and storage technology using distributed ledger technology.
In this blog, Chakravorti explores the role of retail central bank digital currencies (CBDCs) and their impact on payments and banking, more fundamentally. CBDCs are digital representations of fiat currencies issued by central banks, but their existence may have wider implications than just for payments. Today, central banks around the...
In this blog, Chakravorti discusses the roles for stablecoins and their ability to increase the use of cryptocurrencies for both payments and DeFi applications. He also discusses different ways to regulate stablecoins to maintain financial stability while not stifling innovative solutions geared toward achieving greater financial inclusion.
Chakravorti presented his paper with Joey Biasi, titled "The Future of Cryptotokens," at the World Banking and Finance Symposium in New Delhi in December 2019.
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 from around the world.
As part of training of Indian senior bankers, the National Institute of Bank Management located in Pune, India, invited Bob Chakravorti to teach three courses. This course is on the viability and applications of cryptocurrencies and crypto assets.
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 FinTech. The lectures were attended by finance professionals from various parts of India.
In this chapter, Biasi and Chakravorti study how cryptotoken issuance, also referred to as initial coin offerings and security token offerings, may disrupt funding markets such as venture capital, crowdfunding, and private equity. The authors discuss the necessary infrastructure to support this new asset class. The authors analyze the market...
Generally, cross-border fund transfers occur over proprietary platforms requiring multiple intermediaries including banks. How do we provide payment mechanisms to the greater than 1.7 billion people without access to bank-intermediated financial services at a lower cost globally? Facebook announced last week that its new global currency, Libra, will address this...