Bhavyaa Sharma

Bhavyaa Sharma is a consultant at National Institute of Public Finance and Policy (NIPFP), New Delhi. She holds a M.Sc. economics degree from Indira Gandhi Institute of Development Research (IGIDR), Mumbai. Her core area of work is macroeconomics. Having worked on fiscal policy multipliers and monetary and fiscal policy coordination, she also holds an interest in the newly developing technologies.

Explainer: Conceptual foundations of cryptocurrencies
In recent times, cryptocurrencies have become a subject of intense deliberations among policymakers, market participants, investors, and other stakeholders. Whether cryptocurrencies will revolutionise banking and payment systems or is the euphoria surrounding cryptocurrencies like a bubble waiting to burst ̶ only time will tell. In this explainer, Pandey and Sharma attempt to decode the mechanics of cryptocurrencies and simplify the jargon used in the discussion on cryptocurrencies.
