Potential impact of financial innovation on monetary policy
Hĺbková analýza
15-05-2017
The recent wave of financial innovation poses a serious challenge to the financial industry’s business model in both its banking and non-banking components. If not responded to adequately and timely by regulators, it may create new risks to financial stability, as occurred before the global financial crisis of 2007-2009. However, financial innovation will not seriously affect the process of monetary policymaking and is unlikely to undermine the ability of central banks to perform their price stability mission.
Hĺbková analýza
Externý autor
Marek DABROWSKI (CASE, Center for Social and Economic Research)