Central Banks





What Does Introducing CBDCs Imply for the Stability of Central Banks?

The ability of private citizens to execute electronic transactions using a Central Bank Digital Currency (CBDC), central bank money, introduces new monetary stability challenges. A paper by Harald Uhlig from the University of Chicago considers this. The paper is highly theoretical but raises the sort of questions central banks have to get right in their planning for a CBDC.

CBDC - March 26, 2024 midnight

Time for Cash Departments to Think Radically?

The role of Currency Issue Director is great preparation for high office in a central bank. Ask Andrew Bailey, Governor of the Bank of England, or Michelle Bullock, soon to be Governor of the Reserve Bank of Australia, both of whom have managed currency in their banks. What makes it such good preparation?

Central Banks - August 30, 2023 midnight

Regulatory Challenges of AI

Artificial Intelligence (AI), Machine Learning, ‘big data’ and ChatGPT have now reached the public consciousness in a big way, hence headlines such as ‘Central Bank of Ireland blocks ChatGPT for staff as financial services firms grapple with AI’ and ‘China’s Central Bank Warns Against ChatGPT ‘Data Leaks’.

AI - July 31, 2023 midnight

Bank of England Describes Future Payments

Sir Jon Cunliffe, Deputy Director Financial Stability at the Bank of England, has spoken about innovation in payments and money, focusing on the impact and opportunities offered by tokenisation, including the future of cash.

Central Banks - April 24, 2023 12:01 a.m.

It Is All About Trust

Danmarks Nationalbank held a conference on 9 March in Copenhagen that looked at crypto assets and Distributed Ledger Technology (DLT), and then Central Bank Digital Currencies (CBDCs).

Events - March 24, 2023 midnight

Ensuring Payment Choice in the Euro Area

The European Central Bank (ECB) has published an article discussing access to cash in the euro area. It examines the challenges of distance, capacity and public perception and different approaches to modelling them.

Central Banks - August 30, 2022 midnight

CBN Issues Cash Hub Consultation

The Central Bank of Nigeria is planning to introduce Bank Neutral Cash Hubs. It has issued a consultation paper en route to issuing final guidelines, and the draft proposals lay out the CBN’s vision and intentions.

Cash Management - June 8, 2022 midnight