Central Banking Practices in the Digital Era: Salient Challenges, Lessons, and Implications

Solikin Juhro

Chapter Chapter 13 in Central Bank Policy Mix: Issues, Challenges, and Policy Responses, 2022, pp 261-275 from Springer

Abstract: Abstract The complexity and uncertainty of issues faced by central banks have and will continue to evolve in line with the advancement of digital technology. Navigating central banking practices in the digital era, therefore, is a very challenges task that requires the central bank's ability to create breakthroughs and orchestrate policy innovations. While the central bank policyCentral Bank Policy mix is still a viable strategy, central banks are required to operate beyond conventional wisdom, with novel practices. Optimizing the benefits of technological advances and becoming a relevant regulator in the digital era must anchor the central bank's strategy in the future.

Keywords: Central bank policy; Digital transformation; Central bank digital currency (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6827-2_13

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DOI: 10.1007/978-981-16-6827-2_13

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