Monetary policy implications of financial innovation
Indgående analyse
15-05-2017
In this policy brief, we argue that the financial innovations triggered by the FinTech industry have the potential to affect the transmission of monetary policy as well as the informational content of important monetary indicators. While the overall effect of nonbank finance on monetary policy transmission is not yet clear, we argue that regulators and policy makers need to closely monitor the potential effects of FinTech on monetary policy transmission and to adequately adjust financial sector regulation.
Indgående analyse
Ekstern forfatter
Kerstin BERNOTH (DIW Berlin and Hertie School of Governance), Stefan GEBAUER, Dorothea SCHÄFER (DIW Berlin)
Om dette dokument
Type af publikation
Nøgleord
- administrativ ledelse
- betalingssystem
- big data
- datamatik og databehandling
- digitalisering
- dokumentation
- elektroniske penge
- FINANSER
- finansielt instrument
- fri kapitalbevægelighed
- handelsbank
- information og informationsbehandling
- konkurrence
- konkurrence
- kredit- og finansinstitutter
- monetær politik
- POLITIK
- reguleringspolitik
- risikostyring
- startupvirksomhed
- UDDANNELSE OG KOMMUNIKATION
- udøvende magt og offentlig forvaltning
- valutaforhold
- VIRKSOMHEDER OG KONKURRENCE
- virksomhedstyper