Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks
Meyer Aaron,
Francisco Rivadeneyra and
Samantha Sohal
Discussion Papers from Bank of Canada
Abstract:
We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Fintech may affect the different areas of responsibility of central banks—mainly monetary policy and financial stability—by changing money demand and by changing the industrial organization of the financial system. We present a competitive strategy framework to help evaluate the likelihood of these changes.
Keywords: Central bank research; Digital Currencies; Financial Institutions; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: E42 G1 G2 L1 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2017
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-pay
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Citations: View citations in EconPapers (13)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:17-10
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