Monetary policy implications of financial innovation
In-Depth Analysis
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.
In-Depth Analysis
External author
Kerstin BERNOTH (DIW Berlin and Hertie School of Governance), Stefan GEBAUER, Dorothea SCHÄFER (DIW Berlin)
About this document
Publication type
Keyword
- big data
- BUSINESS AND COMPETITION
- business classification
- commercial bank
- competition
- competition
- digitisation
- documentation
- EDUCATION AND COMMUNICATIONS
- electronic money
- executive power and public service
- FINANCE
- financial institutions and credit
- financial instrument
- free movement of capital
- information and information processing
- information technology and data processing
- management
- monetary economics
- monetary policy
- payment system
- POLITICS
- regulatory policy
- risk management
- start-up