Includes bibliographical references.
|Contributions||Bank for International Settlements.|
|The Physical Object|
|Pagination||16 p. ;|
|Number of Pages||16|
This paper will focus on the development of electronic money and its impact on the central bank role and monetary policy. Here the focus is primarily on the forces sustaining the development of e-money and on the central bank ability to conduct monetary policy in the presence of e-money. This paper discusses electronic money, its relation to free banking and some implications for central banking. It begins by introducing its conceptual framework for modern central banking, in. Digital currencies: Implications for central banks discussed a framework for thinking through these issues and reviewed how different central banks are responding to . public authorities and central banks around the world have been monitoring developments in digital currencies and studying their implications. And a question that has been raised frequently is whether central banks themselves should issue digital currency that could be used by the general by: 8.
Thinking about the future of money and potential implications for central banks Paola Boel* Senior Economist in the Research Division within the Monetary Policy Department 1. Introduction The technological infrastructure of financial transactions is changing fast, due in part to innovations such as peer-to-peer lending, crowdfunding and. Electronic Money and Its Impact on Central Banking and Monetary Policy “The term [electronic] money refers to various proposed electronic payment mechanisms designed for use by consumers to make retail payments. Digital money products have the potential to replace central bank currency” (Berentsen 1). BIS/ CPSS () Implications for central banks of the development of electronic money. Bank for International Settlements, Basel Google Scholar BIS/ CPSS () Statistics on payment and settlement systems in selected countries — figures for (Red Book).Cited by: most other recent discussions of the future of money because, for the most part, the focus has understandably been on the new and exciting technologies that might replace the physical with the digital and concerns about the implications of these technologies for central banks. Those discussions have provided reassuring.
Bitcoin and other digital currencies are drawing increasing attention around the world. While bitcoin is not going to replace the dollar or other official currencies anytime soon, the rise of digit Start Date: Praise for International Economic Indicators and Central Banks "Anne Picker's International Economic Indicators and Central Banks is a tour de force. It brings together a wealth of information, explanation, and guidance, which has hitherto only been available from disparate and frequently obscure sources, and does so with great clarity and by: 2. In Broadbent’s lecture at the London School of Economics on March 2, he focused on what a central bank digital currency could look like, and potential economic implications of introducing one. Central Bank Digital Currency. A CBDC could be issued by a central bank to widen access to the central bank’s balance sheet. Central Banking in Theory and Practice is a collection of three lectures by former Vice-Chairman of the Federal Reserve Board and current Princeton economist Alan S. Blinder. It's a great overview of central banking, but it assumes a certain familiarity with economics and monetary policy - it's not a layman's by: