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Financial Innovation and Monetary Policy
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Economic Topics research papers
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A 5 page paper discussing implications for policy makers. Paper and financial products are relatively easy to control and carry little implication for
monetary policy as they are being used today. Digital money offers wider challenges, but also significant cost savings for both central and retail banks without greatly affecting M1 money
supply. Policy makers need to consider that any nation seeking to inhibit digital money products will inherit a distinct competitive disadvantage, a position that no nation can afford to pursue in the expanding global market. Bibliography lists 6 sources.
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Pages:
5
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Filename:CC6_KSfinanInn.wps |
Paper Title:
Financial Innovation and Monetary Policy
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