Central Banking

Central bankers discuss e-commerce at NY Fed

International central bankers on Feb 23, 2001 discussed how greater use of the Internet might affect monetary policy but said no definitive conclusions had been reached. Takashi Oyama, an advisor at the Bank of Japan, told a conference that more widespread use of electronic payment options may soon force nations to reconfigure national statistics that are instrumental to formulating policies. "One implication for monetary policy is that we'll have more difficulties defining and compiling accu