Monetary policy in the era of digital innovation

Valerii Borisov and Vasily Tkachev

A chapter in Elgar Encyclopedia of Central Banking, 2025, pp 389-392 from Edward Elgar Publishing

Abstract: This is entry 231 in the Elgar Encyclopedia of Central Banking. Elements of past and current monetary policies are described and a critical assessment of central bank practices presented. Giving critical understanding of central banking, at both theoretical and policy-oriented levels this book explains the complexity of monetary-policy interventions, their conceptual and institutional frameworks, and their own limits and drawbacks. The reader is provided with the body of knowledge necessary to understand central banks’ decisions in the aftermath of the global financial crisis and controversial explanations of the crisis are illuminated from a historical perspective.

Keywords: Monetary Policy in the Era of Digital Innovation; Financial system; Depositor guarantee schemes; Payment mechanisms; Money manager capitalism (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035330140
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