How Can Central Banks Innovate in the Digital Age? | Benzinga

Benzinga
•March 22nd, 2021
DESCRIPTION
Advances in technology affect the functioning of the real economy and the way financial services are provided. Most of all, it requires central banks to broaden the fields they cover, and the technologies they use to cover them. Central banks today need a deep understanding of new technologies, as well as forums in which to share and pool that knowledge. And we need to work together to develop public goods for our communities. How can central banks be a catalyst for innovation in the digital age and apply new technologies to solve real-world problems in the financial system?
Speakers:
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System
Jens Weidmann, President of the Deutsche Bundesbank
Agustín Carstens, General Manager of the Bank for International Settlements
Moderator:
Gillian Tett, Chair of the editorial board and editor-at-large, The Financial Times
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