Vikas Kumar

About

Vikas Kumar is a Master’s student in Economics at Nalanda University, Rajgir, Bihar, India. His research focuses on behavioural economics, monetary economics, CBDC design, financial inclusion, and public policy.

His current work examines behavioural responses to digital payments and programmable monetary systems, with particular interest in welfare-targeted CBDC architecture, monetary psychology, and digital financial governance. He developed the “Digital Envelope Model” and proposed a Dual-Track CBDC framework integrating behavioural economics with monetary policy design.

His broader academic interests include financial markets, economic psychology, development economics, and evidence-based policy research.

Employment

• Fairylite Business Analytics Associate
  2026 - 2026
• Floatin Consumer Behaviour & Market Research Intern
  2025 - 2025
• Dev Indravati Post Graduate College Research Assistant
  2024 - 2026

Education

• Nalanda University Master of Arts (M.A.)
  2026 - 2028
• Uttar Pradesh Rajarshi Tandon Open University Master of Arts (M.A.)
  2024 - 2026

Projects & Funding

Projects & funding information is unavailable.

Publications (3)

• Invisible Money, Visible Effects: Behavioural Responses, Monetary Policy Transmission, and CBDC Design in India
  2026
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• Programmable Re-Coupling: Monetary Policy Transmission and the Design of Central Bank Digital Currency
  DOI: 10.5281/zenodo.20422160
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• The State λ Paradox: Programmable Friction, Welfare Targeting, and the Case for Dual-Track CBDC Design
  DOI: 10.5281/zenodo.20231265
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