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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: G1 G2 L1 E42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-pay
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:17-10

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