Wadsworth, A (2018c) ‘The pros and cons of issuing a central bank digital currency’ Reserve Bank of New Zealand Bulletin, Vol 81. No. 7. Weber, W (2015) ‘Government and private e-money-like systems: Federal Reserve notes and National Bank notes, Bank of Canada Staff Working Paper 2015-18.
The RBI controls by a process of approval of each case, the total short-term debt, including trade-related credit beyond 180 days. Our short-term debt as a per cent of our reserves is around 27 per cent, while as a per cent of total external debt, it is about seven per cent.