Fintech: Is this time different? A framework for assessing risks and opportunities for central banks

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.

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Year of publication:	2017
Authors:	Aaron, Meyer ; Rivadeneyra, Francisco ; Sohal, Samantha
Publisher:	Ottawa : Bank of Canada
Subject:	Central bank research \| Digital currencies \| Financial institutions \| Payment clearing and settlement systems

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Series:	Bank of Canada Staff Discussion Paper ; 2017-10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.34989/sdp-2017-10 [DOI] 894585355 [GVK] hdl:10419/200480 [Handle] RePEc:bca:bocadp:17-10 [RePEc]
Classification:	G1 - General Financial Markets ; G2 - Financial Institutions and Services ; L1 - Market Structure, Firm Strategy, and Market Performance ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System
Source:	EconStor

Persistent link: https://www.econbiz.de/10012029840